Two Sigma Investments LP Takes $670,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Two Sigma Investments LP bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 29,383 shares of the company's stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SIRI. State of Alaska Department of Revenue raised its holdings in Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock worth $5,340,000 after purchasing an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA raised its holdings in Sirius XM by 597.7% during 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 in the last quarter. Legato Capital Management LLC raised its holdings in Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after purchasing an additional 15,342 shares in the last quarter. MBA Advisors LLC purchased a new position in Sirius XM during the fourth quarter worth about $228,000. Finally, Berkshire Hathaway Inc raised its holdings in Sirius XM by 11.7% during 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 in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the stock in a transaction on 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 sale, the director now directly owns 15,471 shares of the company's stock, valued at $344,539.17. This represents a 9.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. 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 lowered 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. Finally, Barrington Research restated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 2nd. 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 given a strong buy rating to the company. Based on data from MarketBeat, Sirius XM presently has an average rating of "Hold" and an average price target of $26.65.

Sirius XM Stock Up 1.8%

Sirius XM stock opened at $21.99 on Friday. The firm has a market cap of $7.43 billion, a PE ratio of -3.43, a P/E/G ratio of 0.79 and a beta of 0.90. 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 firm's 50 day moving average price is $21.25 and its two-hundred day moving average price is $23.02. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates 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 company 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 earnings per share. Sirius XM's revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is presently -16.56%.

Sirius XM Company 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.

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