UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $19 Million Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 76.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 833,202 shares of the company's stock after purchasing an additional 361,624 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of Sirius XM worth $18,997,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Berkshire Hathaway Inc lifted its stake in shares of Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after purchasing an additional 12,313,544 shares during the last quarter. Geode Capital Management LLC lifted its position in Sirius XM by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock worth $89,284,000 after acquiring an additional 154,765 shares during the last quarter. Seizert Capital Partners LLC lifted its holdings in shares of Sirius XM by 16.3% during the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company's stock worth $51,747,000 after buying an additional 317,289 shares during the last quarter. LSV Asset Management bought a new stake in Sirius XM in the 4th quarter valued at $51,535,000. Finally, Brandywine Global Investment Management LLC increased its stake in Sirius XM by 7.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company's stock valued at $50,571,000 after acquiring an additional 150,744 shares during the period. 10.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 15,471 shares in the company, valued at $344,539.17. The trade was a 9.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.32% of the company's stock.

Sirius XM Stock Down 3.1%

SIRI stock traded down $0.70 during mid-day trading on Friday, reaching $21.69. The company had a trading volume of 3,510,922 shares, compared to its average volume of 5,129,221. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of -3.38, a PEG ratio of 0.79 and a beta of 0.90. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60. The stock has a 50 day simple moving average of $21.39 and a two-hundred day simple moving average of $23.16. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its 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 positive return on equity of 13.44% and a negative net margin of 24.03%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Sirius XM's quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.98%. Sirius XM's dividend payout ratio (DPR) is -16.56%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SIRI shares. Barrington Research reissued an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a research report on Friday, May 2nd. Rosenblatt Securities cut their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sirius XM presently has an average rating of "Hold" and a consensus target price of $26.65.

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.