Bastion Asset Management Inc. Takes $4.31 Million Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Bastion Asset Management Inc. acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 175,580 shares of the company's stock, valued at approximately $4,305,000. Sirius XM comprises about 2.8% of Bastion Asset Management Inc.'s investment portfolio, making the stock its 10th biggest position. Bastion Asset Management Inc. owned about 0.05% of Sirius XM as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Berkshire Hathaway Inc lifted its holdings in shares of Sirius XM by 11.7% during the fourth quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock worth $2,678,283,000 after purchasing an additional 12,313,544 shares during the period. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 154,765 shares during the last quarter. Seizert Capital Partners LLC increased its stake in shares of Sirius XM by 16.3% in the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company's stock worth $51,747,000 after acquiring an additional 317,289 shares during the period. LSV Asset Management purchased a new position in shares of Sirius XM during the fourth quarter worth $51,535,000. Finally, Brandywine Global Investment Management LLC lifted its position in Sirius XM by 7.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company's stock valued at $50,571,000 after purchasing an additional 150,744 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Price Performance

Shares of NASDAQ:SIRI traded up $0.10 during trading on Friday, reaching $21.55. The stock had a trading volume of 2,196,783 shares, compared to its average volume of 5,080,333. The business has a fifty day moving average price of $21.79 and a 200-day moving average price of $23.70. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $41.60. 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 cap of $7.28 billion, a PE ratio of -3.36, a PEG ratio of 0.79 and a beta of 0.90.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). The business had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Sirius XM's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. 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 business 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 5.01%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's dividend payout ratio is currently -16.56%.

Analysts Set New Price Targets

SIRI has been the topic of several analyst reports. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Rosenblatt Securities reduced their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Guggenheim lowered their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley cut their target price on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. Finally, Barrington Research reiterated an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research note on Friday, May 2nd. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.