LPL Financial LLC Increases Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

LPL Financial LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 43.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,960 shares of the company's stock after purchasing an additional 31,712 shares during the quarter. LPL Financial LLC's holdings in Sirius XM were worth $2,370,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SIRI. Check Capital Management Inc. CA increased its stake in Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after acquiring an additional 981,517 shares during the last quarter. Capital Management Corp VA purchased a new stake in Sirius XM during the fourth quarter valued at $11,339,000. Seizert Capital Partners LLC lifted its position in Sirius XM by 16.3% during the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company's stock valued at $51,747,000 after purchasing an additional 317,289 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Sirius XM in the 3rd quarter worth about $5,489,000. Finally, Ninety One UK Ltd purchased a new stake in shares of Sirius XM during the 4th quarter valued at about $4,038,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SIRI shares. Morgan Stanley dropped their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, January 23rd. Guggenheim decreased 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. Rosenblatt Securities dropped their price objective on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Finally, Wells Fargo & Company dropped their price target on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research note on Thursday, December 19th. Six analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sirius XM has an average rating of "Hold" and a consensus target price of $26.81.

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Sirius XM Stock Down 1.4 %

SIRI stock traded down $0.30 during trading on Tuesday, hitting $20.42. 2,843,789 shares of the company's stock traded hands, compared to its average volume of 4,938,875. The business has a fifty day simple moving average of $23.40 and a two-hundred day simple moving average of $24.19. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $6.92 billion, a P/E ratio of -3.19, a PEG ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released 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 positive return on equity of 13.44% and a negative net margin of 24.03%. Sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 5.29%. Sirius XM's dividend payout ratio is presently -16.85%.

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.