Integrated Wealth Concepts LLC Acquires New Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Integrated Wealth Concepts LLC acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 74,391 shares of the company's stock, valued at approximately $1,696,000.

Several other large investors have also recently bought and sold shares of the business. Union Bancaire Privee UBP SA acquired a new position in Sirius XM during the fourth quarter worth $26,000. First Command Advisory Services Inc. purchased a new stake in shares of Sirius XM in the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its stake in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after buying an additional 1,144 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Sirius XM during the fourth quarter valued at $43,000. Finally, Avior Wealth Management LLC grew its holdings in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after buying an additional 1,810 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.

Wall Street Analyst Weigh In

SIRI has been the subject of a number of recent analyst reports. Rosenblatt Securities lowered their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Morgan Stanley lowered their target price on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. Guggenheim decreased their price target on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Barrington Research set a $28.00 target price on Sirius XM in a research report on Friday, January 31st. Six 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $26.81.

Sirius XM Stock Down 9.0 %

Shares of SIRI stock traded down $1.92 during trading hours on Thursday, hitting $19.50. 9,004,047 shares of the company were exchanged, compared to its average volume of 5,009,983. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of -3.04, a P/E/G ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The business's 50-day simple moving average is $22.19 and its two-hundred day simple moving average is $23.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current 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 EPS 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%. During the same period last year, the business posted $0.07 earnings per share. The company's revenue for the quarter was down 4.3% on a year-over-year basis. Sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.

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.