Point72 Asset Management L.P. Buys Shares of 16,802 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Point72 Asset Management L.P. purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,802 shares of the company's stock, valued at approximately $383,000.

A number of other institutional investors have also recently made changes to their positions in SIRI. Berkshire Hathaway Inc lifted its stake in Sirius XM by 11.7% in 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 last quarter. LSV Asset Management purchased a new position in Sirius XM in the fourth quarter worth $51,535,000. Norges Bank purchased a new position in Sirius XM in the fourth quarter worth $28,269,000. Check Capital Management Inc. CA grew its holdings in Sirius XM by 597.7% in the fourth 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 last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Sirius XM during the fourth quarter valued at $19,052,000. Institutional investors own 10.69% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on SIRI. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. 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. Rosenblatt Securities cut their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, Guggenheim cut 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. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.65.

Sirius XM Stock Performance

Shares of SIRI traded up $0.42 during mid-day trading on Tuesday, hitting $22.26. 2,359,044 shares of the company's stock were exchanged, compared to its average volume of 5,138,891. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The firm has a market capitalization of $7.52 billion, a P/E ratio of -3.47, a P/E/G ratio of 0.79 and a beta of 0.90. The business's 50 day moving average is $21.51 and its two-hundred day moving average is $23.27. 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 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 quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.07 EPS. On average, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be issued 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 4.85%. Sirius XM's dividend payout ratio is currently -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.