Wealth Enhancement Advisory Services LLC Has $2.27 Million Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Wealth Enhancement Advisory Services LLC boosted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 42.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,595 shares of the company's stock after buying an additional 29,839 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Sirius XM were worth $2,271,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Union Bancaire Privee UBP SA bought a new stake in Sirius XM during the 4th quarter valued at approximately $26,000. Putney Financial Group LLC acquired a new position in shares of Sirius XM during the fourth quarter valued at about $27,000. First Command Advisory Services Inc. bought a new stake in shares of Sirius XM in the fourth quarter valued at about $30,000. Itau Unibanco Holding S.A. lifted its position in Sirius XM by 255.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after purchasing an additional 1,321 shares during the period. Finally, Gables Capital Management Inc. acquired a new stake in Sirius XM during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Insider Buying and Selling at Sirius XM

In other Sirius XM 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 transaction of $36,767.77. Following the transaction, the director now owns 15,471 shares of the company's stock, valued at $344,539.17. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SIRI shares. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Barrington Research reissued an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research note on Friday, May 2nd. Finally, 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. Six equities 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's stock. According to MarketBeat.com, Sirius XM presently has a consensus rating of "Hold" and an average target price of $26.65.

Sirius XM Stock Up 1.8%

Shares of NASDAQ:SIRI traded up $0.39 during midday trading on Friday, reaching $21.99. 2,811,485 shares of the company were exchanged, compared to its average volume of 5,128,532. 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 stock has a fifty day simple moving average of $21.25 and a two-hundred day simple moving average of $23.06. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data 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). 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 analyst estimates of $2.09 billion. During the same quarter last year, the business earned $0.07 earnings per share. Sirius XM's revenue for the quarter was down 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM's payout ratio 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.