37,133 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,133 shares of the company's stock, valued at approximately $847,000.

Several other large investors have also recently bought and sold shares of the stock. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new position in Sirius XM during the fourth quarter worth $30,000. Geneos Wealth Management Inc. increased its holdings in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after buying an additional 1,144 shares during the period. Itau Unibanco Holding S.A. increased its holdings in Sirius XM by 255.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock valued at $42,000 after buying an additional 1,321 shares during the period. Finally, Gables Capital Management Inc. bought a new stake in Sirius XM in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Stock Performance

NASDAQ:SIRI traded up $0.37 during mid-day trading on Monday, hitting $21.94. 4,343,654 shares of the company traded hands, compared to its average volume of 5,115,523. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of -3.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. 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's fifty day moving average price is $21.74 and its 200-day moving average price is $23.62. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the company earned $0.07 EPS. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. Research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 4.92%. Sirius XM's dividend payout ratio (DPR) is currently -16.56%.

Wall Street Analysts Forecast Growth

SIRI has been the topic of several recent analyst reports. Rosenblatt Securities reduced their target price on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Guggenheim reduced their price target on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Morgan Stanley lowered their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Finally, Barrington Research reaffirmed an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a research report on Friday, May 2nd. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.