Weaver C. Barksdale & Associates Inc. purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 50,309 shares of the company's stock, valued at approximately $1,148,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Xponance Inc. lifted its holdings in shares of Sirius XM by 4.5% in the fourth quarter. Xponance Inc. now owns 12,341 shares of the company's stock worth $281,000 after buying an additional 527 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Sirius XM by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock worth $339,000 after purchasing an additional 630 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in shares of Sirius XM by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after purchasing an additional 643 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Sirius XM by 5.9% during the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock valued at $325,000 after purchasing an additional 791 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC increased its holdings in shares of Sirius XM by 5.8% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock worth $348,000 after purchasing an additional 837 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.
Sirius XM Trading Down 4.5 %
Shares of SIRI traded down $1.07 during trading hours on Friday, reaching $22.75. 5,750,242 shares of the company traded hands, compared to its average volume of 4,742,875. The stock's fifty day moving average price is $23.98 and its 200 day moving average price is $24.55. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of -3.55, a PEG ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings data 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 year.
Sirius XM Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.75%. Sirius XM's dividend payout ratio (DPR) is -16.85%.
Analysts Set New Price Targets
A number of analysts have issued reports on SIRI shares. Barrington Research set a $28.00 price objective on Sirius XM in a research note on Friday, January 31st. Morgan Stanley reduced their price target on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Seaport Res Ptn cut shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Wells Fargo & Company dropped their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research report on Thursday, December 19th. Finally, Rosenblatt Securities decreased their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Sirius XM has an average rating of "Hold" and an average price target of $26.81.
Read Our Latest Analysis on SIRI
About Sirius XM
(
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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