Two Sigma Investments LP Purchases New Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Two Sigma Investments LP acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 29,383 shares of the company's stock, valued at approximately $670,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Xponance Inc. boosted its holdings in Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company's stock valued at $281,000 after acquiring an additional 527 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Sirius XM by 4.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock valued at $339,000 after acquiring an additional 630 shares during the period. Wealthspire Advisors LLC boosted its holdings in Sirius XM by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after acquiring an additional 643 shares during the period. Proficio Capital Partners LLC boosted its holdings in Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock valued at $325,000 after acquiring an additional 791 shares during the period. Finally, Mill Creek Capital Advisors LLC boosted its holdings in Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after acquiring an additional 837 shares during the period. 10.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on SIRI shares. Rosenblatt Securities lowered their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Barrington Research reiterated an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 2nd. Six research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Sirius XM has a consensus rating of "Hold" and an average price target of $26.65.

Sirius XM Stock Performance

SIRI traded down $0.22 during trading on Wednesday, hitting $22.59. 3,240,952 shares of the stock were exchanged, compared to its average volume of 5,146,760. The firm has a market capitalization of $7.63 billion, a P/E ratio of -3.52, a PEG ratio of 0.79 and a beta of 0.91. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock has a fifty day moving average price of $21.34 and a two-hundred day moving average price of $22.97. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The company's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. As a group, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM's payout ratio is currently -16.56%.

Insider Activity

In other news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.32% of the company's stock.

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.