15,473 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Bought by Focus Partners Wealth

Focus Partners Wealth purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,473 shares of the company's stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SIRI. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM during the fourth quarter worth about $26,000. First Command Advisory Services Inc. acquired a new position in Sirius XM during the 4th quarter worth $30,000. Geneos Wealth Management Inc. increased its stake in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after buying an additional 1,144 shares during the period. Itau Unibanco Holding S.A. grew its stake in shares of Sirius XM by 255.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new position in shares of Sirius XM during the fourth quarter worth $43,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Performance

Shares of Sirius XM stock traded down $0.20 during trading hours on Friday, reaching $21.84. The company's stock had a trading volume of 2,045,869 shares, compared to its average volume of 5,150,053. The stock has a market cap of $7.38 billion, a P/E ratio of -3.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The company's 50 day simple moving average is $21.53 and its 200 day simple moving average is $23.34. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $2.07 billion for the quarter, compared to analyst estimates 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 revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. As a group, analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS 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. Investors of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Friday, May 9th. Sirius XM's dividend payout ratio is -16.56%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Guggenheim decreased their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a 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. Rosenblatt Securities reduced their price objective on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Six research 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 company. According to data from MarketBeat, Sirius XM presently has a consensus 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.