Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 61.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 631,648 shares of the company's stock after purchasing an additional 239,947 shares during the quarter. AQR Capital Management LLC owned 0.19% of Sirius XM worth $14,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after acquiring an additional 41,000 shares during the period. Check Capital Management Inc. CA raised 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 period. Franklin Resources Inc. lifted its stake in Sirius XM by 209.1% in the third 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 boosted its position in shares of Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock valued at $1,949,000 after buying an additional 15,342 shares during the period. Finally, MBA Advisors LLC bought a new position in shares of Sirius XM during the fourth quarter valued at approximately $228,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley dropped their price objective on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. Rosenblatt Securities cut their price target on shares of 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 set a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Sirius XM currently has a consensus rating of "Hold" and an average price target of $26.65.

Sirius XM Stock Up 2.7 %

NASDAQ:SIRI traded up $0.57 during midday trading on Thursday, reaching $21.72. 3,916,777 shares of the stock traded hands, compared to its average volume of 5,091,765. Sirius XM Holdings Inc. has a 12-month low of $18.69 and a 12-month high of $41.60. The business has a 50-day moving average of $21.79 and a two-hundred day moving average of $23.70. 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 has a market capitalization of $7.36 billion, a PE ratio of -3.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings results 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). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.97%. The ex-dividend date is Friday, May 9th. Sirius XM's payout ratio is -16.56%.

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.