Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 262.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,676 shares of the company's stock after buying an additional 75,817 shares during the quarter. Janney Montgomery Scott LLC's holdings in Sirius XM were worth $2,387,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sessa Capital IM L.P. acquired a new stake in Sirius XM in the third quarter valued at $77,983,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Sirius XM in the third quarter valued at about $67,598,000. Seizert Capital Partners LLC purchased a new stake in Sirius XM during the third quarter worth about $46,173,000. Sanctuary Advisors LLC acquired a new position in Sirius XM during the second quarter worth about $3,041,000. Finally, Whitebox Advisors LLC increased its holdings in Sirius XM by 310.5% in the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company's stock valued at $27,829,000 after buying an additional 890,048 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Up 3.9 %

SIRI opened at $24.01 on Friday. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $53.50. The business has a 50-day moving average of $23.62 and a two-hundred day moving average of $26.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of -3.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 23.02% and a positive return on equity of 68.38%. On average, research analysts expect that Sirius XM Holdings Inc. will post -6 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -17.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SIRI shares. StockNews.com initiated coverage on Sirius XM in a research note on Wednesday, November 13th. They set a "sell" rating on the stock. Rosenblatt Securities upped their target price on Sirius XM from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, December 11th. The Goldman Sachs Group cut their price target on Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Wells Fargo & Company lowered their price objective on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research note on Thursday, December 19th. Finally, Pivotal Research cut their target price on shares of Sirius XM from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.35.

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.

Want to see what other hedge funds are holding SIRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.