Victory Capital Management Inc. Makes New $946,000 Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Victory Capital Management Inc. acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 41,480 shares of the company's stock, valued at approximately $946,000.

A number of other hedge funds have also recently made changes to their positions in the business. Union Bancaire Privee UBP SA acquired a new position in Sirius XM during the 4th quarter valued at about $26,000. First Command Advisory Services Inc. bought a new position in shares of Sirius XM in the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 574.9% during the fourth 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 last quarter. Avior Wealth Management LLC grew its holdings in Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after buying an additional 1,810 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in Sirius XM by 139.8% in the 3rd quarter. Larson Financial Group LLC now owns 3,187 shares of the company's stock valued at $75,000 after buying an additional 1,858 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Guggenheim reduced their target price on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. 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. Rosenblatt Securities dropped their target price on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Finally, Seaport Res Ptn lowered Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.81.

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Sirius XM Stock Up 2.0 %

Sirius XM stock traded up $0.48 during mid-day trading on Monday, hitting $23.95. The company had a trading volume of 3,678,403 shares, compared to its average volume of 4,614,501. The company has a market capitalization of $8.11 billion, a PE ratio of -3.74, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The stock's 50 day moving average price is $23.76 and its two-hundred day moving average price is $24.66. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio is currently -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.