Unified Investment Management acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,540 shares of the company's stock, valued at approximately $468,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM during the 4th quarter worth $26,000. TCTC Holdings LLC purchased a new position in Sirius XM in the third quarter valued at about $29,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM in the fourth quarter worth $30,000. Geneos Wealth Management Inc. grew its holdings in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after buying an additional 1,144 shares during the period. Finally, Princeton Global Asset Management LLC raised its holdings in Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock valued at $32,000 after buying an additional 1,315 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on SIRI. StockNews.com started coverage on Sirius XM in a research note on Wednesday, November 13th. They set a "sell" rating on the stock. Guggenheim lowered 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 reduced their price objective on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Barrington Research set a $28.00 target price on Sirius XM in a research report on Friday, January 31st. Finally, Morgan Stanley cut their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $26.81.
Get Our Latest Research Report on SIRI
Sirius XM Stock Performance
Shares of Sirius XM stock traded up $0.52 during trading on Thursday, hitting $23.75. 5,660,521 shares of the company's stock traded hands, compared to its average volume of 5,442,032. The business has a 50-day simple moving average of $23.59 and a 200-day simple moving average of $25.43. The stock has a market capitalization of $8.05 billion, a P/E ratio of -3.71, a PEG ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $42.50. 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 (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (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%. As a group, analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Announces Dividend
The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio is presently -16.85%.
Sirius XM Company Profile
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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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