Seizert Capital Partners LLC lifted its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,269,616 shares of the company's stock after purchasing an additional 317,289 shares during the period. Sirius XM comprises 2.3% of Seizert Capital Partners LLC's holdings, making the stock its 11th biggest position. Seizert Capital Partners LLC owned 0.67% of Sirius XM worth $51,747,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SIRI. Victory Capital Management Inc. purchased a new stake in shares of Sirius XM during the fourth quarter valued at about $946,000. Unified Investment Management purchased a new stake in shares of Sirius XM during the fourth quarter worth about $468,000. SBI Securities Co. Ltd. purchased a new position in shares of Sirius XM in the 4th quarter valued at approximately $126,000. Jones Financial Companies Lllp grew its position in Sirius XM by 191.6% during the 4th quarter. Jones Financial Companies Lllp now owns 12,528 shares of the company's stock worth $286,000 after purchasing an additional 8,232 shares during the last quarter. Finally, Sage Investment Counsel LLC acquired a new position in Sirius XM during the 4th quarter valued at approximately $627,000. 10.69% of the stock is currently owned by institutional investors.
Sirius XM Price Performance
SIRI traded up $1.48 during midday trading on Friday, hitting $25.23. 6,594,524 shares of the company traded hands, compared to its average volume of 5,469,429. The business has a 50 day simple moving average of $23.64 and a two-hundred day simple moving average of $25.38. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $42.40. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of -3.94, a PEG ratio of 0.79 and a beta of 1.06. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's payout ratio is -16.85%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on SIRI. StockNews.com started coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They set a "sell" rating for the company. Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. Morgan Stanley cut their price target on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Rosenblatt Securities reduced their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Finally, Guggenheim lowered their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.81.
Check Out Our Latest Analysis on Sirius XM
About Sirius XM
(
Free Report)
Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.
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