Tidal Investments LLC acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 34,012 shares of the company's stock, valued at approximately $775,000.
Several other large investors have also modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM in the 4th quarter valued at approximately $26,000. First Command Advisory Services Inc. purchased a new position in Sirius XM in the 4th quarter valued at $30,000. Geneos Wealth Management Inc. increased its stake 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. raised its position in Sirius XM by 255.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after buying an additional 1,321 shares during the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in shares of Sirius XM in the 4th quarter worth $43,000. 10.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on SIRI. Barrington Research reiterated an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a research note on Friday, May 2nd. Rosenblatt Securities dropped 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, Seaport Res Ptn raised 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 given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sirius XM has a consensus rating of "Hold" and a consensus price target of $26.65.
View Our Latest Analysis on Sirius XM
Insider Activity
In related news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the transaction, the director now owns 15,471 shares of the company's stock, valued at approximately $344,539.17. The trade was a 9.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.32% of the company's stock.
Sirius XM Price Performance
NASDAQ SIRI traded down $0.58 during trading hours on Friday, reaching $21.81. The company's stock had a trading volume of 1,379,506 shares, compared to its average volume of 5,128,938. 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 company's 50-day moving average is $21.44 and its two-hundred day moving average is $23.22. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The stock has a market cap of $7.37 billion, a PE ratio of -3.40, a PEG ratio of 0.79 and a beta of 0.90.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results 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 negative net margin of 24.03% and a positive return on equity of 13.44%. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. Analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.95%. Sirius XM's dividend payout ratio (DPR) is -16.56%.
Sirius XM Company Profile
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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.
Further Reading
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