Helium Advisors LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 76,552 shares of the company's stock, valued at approximately $1,745,000. Sirius XM comprises 1.4% of Helium Advisors LLC's portfolio, making the stock its 18th largest holding.
Several other institutional investors and hedge funds also recently modified their holdings of SIRI. Merit Financial Group LLC acquired a new stake in shares of Sirius XM during the fourth quarter valued at $229,000. Janney Montgomery Scott LLC lifted its holdings in Sirius XM by 262.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 104,676 shares of the company's stock valued at $2,387,000 after purchasing an additional 75,817 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after purchasing an additional 1,810 shares during the last quarter. Brighton Jones LLC purchased a new stake in shares of Sirius XM during the fourth quarter worth about $622,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Sirius XM by 574.9% in the fourth 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 last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SIRI. Rosenblatt Securities decreased 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 report on Friday, May 2nd. Guggenheim reduced their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Barrington Research reissued an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a research report on Friday, May 2nd. Finally, Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $26.65.
Get Our Latest Stock Analysis on Sirius XM
Sirius XM Stock Up 0.4%
NASDAQ:SIRI traded up $0.08 during mid-day trading on Wednesday, hitting $22.34. The company had a trading volume of 968,183 shares, compared to its average volume of 5,122,451. The business has a fifty day simple moving average of $21.49 and a 200-day simple moving average of $23.27. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of -3.48, a PEG ratio of 0.79 and a beta of 0.90. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. Equities analysts forecast 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. Stockholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.83%. Sirius XM's dividend payout ratio is currently -16.56%.
Sirius XM Company Profile
(
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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