Sequoia Financial Advisors LLC Takes $372,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sequoia Financial Advisors LLC purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,297 shares of the company's stock, valued at approximately $372,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its holdings in Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock worth $5,340,000 after buying an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA boosted its holdings in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after buying an additional 981,517 shares in the last quarter. Legato Capital Management LLC boosted its holdings in Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after buying an additional 15,342 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after buying an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC purchased a new stake in Sirius XM during the fourth quarter worth $228,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Price Performance

Shares of NASDAQ SIRI traded up $0.43 during mid-day trading on Friday, reaching $23.47. The company's stock had a trading volume of 8,208,324 shares, compared to its average volume of 4,606,009. The stock has a 50-day moving average of $23.76 and a two-hundred day moving average of $24.74. The stock has a market capitalization of $7.95 billion, a P/E ratio of -3.66, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $41.60.

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Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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 research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SIRI shares. Barrington Research set a $28.00 price objective on shares of Sirius XM in a report on Friday, January 31st. Rosenblatt Securities decreased their price objective on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. Morgan Stanley decreased their price objective 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. Finally, Seaport Res Ptn downgraded shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $26.81.

Sirius XM Profile

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.