LMR Partners LLP purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 277,805 shares of the company's stock, valued at approximately $6,334,000. LMR Partners LLP owned about 0.08% of Sirius XM as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in SIRI. Franklin Resources Inc. raised its holdings in shares of Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after buying an additional 58,993 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Sirius XM in the 4th quarter worth approximately $268,000. FNY Investment Advisers LLC increased its stake in Sirius XM by 1.5% during the fourth quarter. FNY Investment Advisers LLC now owns 135,017 shares of the company's stock valued at $3,078,000 after purchasing an additional 1,979 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Sirius XM during the 4th quarter valued at about $229,000. Finally, Integrated Investment Consultants LLC raised its position in shares of Sirius XM by 10.9% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,007 shares of the company's stock worth $342,000 after purchasing an additional 1,469 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Morgan Stanley cut their price target 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 dropped their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Barrington Research reiterated an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a report on Friday, May 2nd. Guggenheim lowered their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sirius XM presently has a consensus rating of "Hold" and an average price target of $26.65.
Check Out Our Latest Stock Report on SIRI
Sirius XM Stock Performance
Shares of NASDAQ:SIRI traded up $0.37 during trading on Friday, reaching $22.73. The stock had a trading volume of 3,533,583 shares, compared to its average volume of 5,128,680. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of -3.55, a P/E/G ratio of 0.79 and a beta of 0.90. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $21.57 and a two-hundred day simple moving average of $23.54.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the company earned $0.07 earnings per share. Sirius XM's revenue for the quarter was down 4.3% on a year-over-year basis. As a group, analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's payout ratio is presently -16.56%.
Sirius XM Company Profile
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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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