277,805 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by LMR Partners LLP

LMR Partners LLP purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 277,805 shares of the company's stock, valued at approximately $6,334,000. LMR Partners LLP owned 0.08% of Sirius XM at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SIRI. State of Alaska Department of Revenue increased its position in Sirius XM by 21.2% in the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock worth $5,340,000 after purchasing an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA increased its position in Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after purchasing an additional 981,517 shares during the last quarter. Franklin Resources Inc. increased its position in Sirius XM by 209.1% in the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after purchasing an additional 58,993 shares during the last quarter. Legato Capital Management LLC increased its position in Sirius XM by 21.9% in the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after purchasing an additional 15,342 shares during the last quarter. Finally, MBA Advisors LLC acquired a new position in Sirius XM in the 4th quarter worth about $228,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Stock Performance

Shares of SIRI stock traded up $0.37 during mid-day trading on Friday, reaching $22.73. The stock had a trading volume of 3,533,583 shares, compared to its average volume of 5,156,772. The firm's 50 day simple moving average is $21.57 and its 200 day simple moving average is $23.45. 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 Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The firm has a market cap of $7.68 billion, a PE ratio of -3.55, a P/E/G ratio of 0.79 and a beta of 0.90.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the business posted $0.07 EPS. Sirius XM's revenue was down 4.3% compared to the same quarter last year. On average, analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.75%. Sirius XM's dividend payout ratio (DPR) is presently -16.56%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SIRI. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Barrington Research reissued an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd. Morgan Stanley lowered their price objective on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Rosenblatt Securities lowered their price objective on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Guggenheim lowered their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $26.65.

Sirius XM Profile

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.