Gotham Asset Management LLC Has $10.09 Million Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Gotham Asset Management LLC increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 123.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 442,679 shares of the company's stock after purchasing an additional 244,736 shares during the period. Gotham Asset Management LLC owned 0.13% of Sirius XM worth $10,093,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc lifted its stake in shares of Sirius XM by 11.7% during the 4th 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 during the period. Geode Capital Management LLC lifted its position in Sirius XM by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock worth $89,284,000 after buying an additional 154,765 shares during the period. Seizert Capital Partners LLC boosted its stake in Sirius XM by 16.3% in the 4th 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 purchased a new stake in Sirius XM in the 4th quarter valued at about $51,535,000. Finally, Brandywine Global Investment Management LLC increased its stake in shares of Sirius XM by 7.3% during the 4th 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 last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SIRI shares. Guggenheim decreased their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Rosenblatt Securities decreased their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Morgan Stanley reduced their target price on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Finally, Barrington Research reiterated an "outperform" rating and issued 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 assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sirius XM presently has an average rating of "Hold" and a consensus price target of $26.65.

Sirius XM Stock Up 2.2%

Shares of SIRI traded up $0.48 during midday trading on Thursday, hitting $22.36. The stock had a trading volume of 3,386,846 shares, compared to its average volume of 5,123,948. The company has a 50 day simple moving average of $21.61 and a two-hundred day simple moving average of $23.57. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of -3.49, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. 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 posted its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the firm earned $0.07 EPS. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's payout ratio is -16.56%.

About Sirius XM

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.