Oppenheimer & Co. Inc. Has $1.15 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Oppenheimer & Co. Inc. boosted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 58.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,618 shares of the company's stock after acquiring an additional 18,720 shares during the period. Oppenheimer & Co. Inc.'s holdings in Sirius XM were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIRI. Allspring Global Investments Holdings LLC lifted its holdings in Sirius XM by 388.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,912 shares of the company's stock worth $116,000 after acquiring an additional 3,906 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Sirius XM by 137.6% during the third quarter. International Assets Investment Management LLC now owns 5,865 shares of the company's stock worth $139,000 after acquiring an additional 3,397 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in Sirius XM during the third quarter worth about $51,000. abrdn plc bought a new position in Sirius XM during the third quarter worth about $1,443,000. Finally, QRG Capital Management Inc. bought a new position in Sirius XM during the third quarter worth about $278,000. 10.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SIRI shares. Barrington Research set a $28.00 price target on Sirius XM in a report on Friday, January 31st. StockNews.com started coverage on Sirius XM in a report on Wednesday, November 13th. They issued a "sell" rating on the stock. Rosenblatt Securities cut 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. Seaport Res Ptn lowered Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $26.81.

Sirius XM Stock Performance

NASDAQ SIRI traded up $1.48 during trading on Friday, reaching $25.23. 6,594,524 shares of the company's stock were exchanged, compared to its average volume of 5,469,429. The business has a 50 day moving average price of $23.64 and a 200-day moving average price of $25.38. The stock has a market capitalization of $8.55 billion, a P/E ratio of -3.94, a PEG ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $42.40.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates 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 forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.

About Sirius XM

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.