AQR Arbitrage LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 126,945 shares of the company's stock, valued at approximately $2,893,000.
A number of other institutional investors and hedge funds have also bought and sold shares of SIRI. Union Bancaire Privee UBP SA purchased a new stake in shares of Sirius XM during the fourth quarter valued at about $26,000. First Command Advisory Services Inc. purchased a new stake in Sirius XM during the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. raised its position in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after buying an additional 1,144 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Sirius XM by 255.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Gables Capital Management Inc. purchased a new position in shares of Sirius XM during the 4th quarter valued at approximately $43,000. 10.69% of the stock is owned by institutional investors.
Analyst Ratings Changes
SIRI has been the subject of a number of recent research reports. Barrington Research reiterated an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research report on Friday. Morgan Stanley lowered 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. Guggenheim dropped their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Rosenblatt Securities lowered their price objective on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.65.
Read Our Latest Stock Report on Sirius XM
Sirius XM Price Performance
SIRI stock traded up $0.97 during trading on Friday, reaching $20.47. 8,525,534 shares of the company were exchanged, compared to its average volume of 5,052,697. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The stock's 50 day moving average price is $22.00 and its 200 day moving average price is $23.82. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $41.60. The company has a market cap of $6.93 billion, a P/E ratio of -3.19, a PEG ratio of 0.79 and a beta of 0.90.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share. As a group, analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's dividend payout ratio is presently -16.56%.
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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