Advisors Asset Management Inc. lifted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 75.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,400 shares of the company's stock after acquiring an additional 64,001 shares during the period. Advisors Asset Management Inc.'s holdings in Sirius XM were worth $3,384,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in SIRI. PNC Financial Services Group Inc. lifted its position in Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock worth $339,000 after purchasing an additional 630 shares during the period. Wealthspire Advisors LLC raised its stake in shares of Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock worth $358,000 after buying an additional 643 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Sirius XM by 5.9% in the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock valued at $325,000 after buying an additional 791 shares during the period. Mill Creek Capital Advisors LLC boosted its stake in Sirius XM by 5.8% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after buying an additional 837 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after acquiring an additional 1,144 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on SIRI. Morgan Stanley reduced their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, January 23rd. Seaport Res Ptn cut shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Rosenblatt Securities dropped their price target on 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 reduced their price objective on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research note on Thursday, December 19th. Finally, Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.81.
Check Out Our Latest Report on SIRI
Sirius XM Stock Up 1.2 %
Shares of Sirius XM stock traded up $0.29 on Tuesday, hitting $24.24. 2,503,705 shares of the company traded hands, compared to its average volume of 4,614,386. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60. The company has a 50-day moving average price of $23.82 and a 200 day moving average price of $24.62. The company has a market cap of $8.21 billion, a PE ratio of -3.78, a PEG ratio of 0.79 and a beta of 1.06.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio is -16.85%.
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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