Wedbush Securities Inc. acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,739 shares of the company's stock, valued at approximately $336,000.
Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Sirius XM by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock valued at $89,284,000 after purchasing an additional 154,765 shares in the last quarter. Seizert Capital Partners LLC grew its stake in shares of Sirius XM by 16.3% in the 4th quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company's stock valued at $51,747,000 after buying an additional 317,289 shares during the period. Brandywine Global Investment Management LLC raised its holdings in Sirius XM by 7.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company's stock valued at $50,571,000 after buying an additional 150,744 shares during the period. Weitz Investment Management Inc. lifted its holdings in shares of Sirius XM by 16.1% in the 4th quarter. Weitz Investment Management Inc. now owns 1,465,500 shares of the company's stock worth $33,413,000 after acquiring an additional 203,501 shares during the last quarter. Finally, Alberta Investment Management Corp grew its stake in shares of Sirius XM by 2.9% in the fourth quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company's stock valued at $29,014,000 after buying an additional 36,300 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently commented on SIRI shares. Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Barrington Research set a $28.00 price target on shares of Sirius XM in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Guggenheim reduced their price target on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Six analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $26.81.
Read Our Latest Research Report on SIRI
Sirius XM Price Performance
Shares of NASDAQ SIRI traded down $0.08 during midday trading on Tuesday, hitting $20.65. The company had a trading volume of 883,363 shares, compared to its average volume of 4,919,673. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of -3.22, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The business has a 50-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.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 13.44% and a negative net margin of 24.03%. Equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio is currently -16.85%.
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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