Redwood Investment Management LLC bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 163,129 shares of the company's stock, valued at approximately $3,719,000.
Other large investors also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in Sirius XM during the fourth quarter valued at $383,000. Man Group plc increased its holdings in shares of Sirius XM by 1,002.9% in the 4th quarter. Man Group plc now owns 182,331 shares of the company's stock worth $4,157,000 after buying an additional 165,799 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Sirius XM by 20.6% during the 4th quarter. Nuveen Asset Management LLC now owns 599,357 shares of the company's stock valued at $13,665,000 after buying an additional 102,420 shares in the last quarter. Northeast Financial Consultants Inc lifted its holdings in shares of Sirius XM by 5.8% in the 4th quarter. Northeast Financial Consultants Inc now owns 16,035 shares of the company's stock valued at $366,000 after acquiring an additional 885 shares during the last quarter. Finally, Mork Capital Management LLC bought a new position in shares of Sirius XM in the 4th quarter valued at about $985,000. Institutional investors own 10.69% of the company's stock.
Sirius XM Stock Performance
Shares of Sirius XM stock opened at $21.88 on Thursday. 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's fifty day moving average is $21.61 and its two-hundred day moving average is $23.57. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60. The company has a market capitalization of $7.39 billion, a PE ratio of -3.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.59 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 the consensus estimate of $2.09 billion. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The company's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 earnings per share. As a group, analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is presently -16.56%.
Analyst Upgrades and Downgrades
SIRI has been the topic of several analyst reports. Barrington Research reissued an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 2nd. Guggenheim dropped 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. Morgan Stanley cut their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Rosenblatt Securities dropped their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $26.65.
Check Out Our Latest Stock Analysis on Sirius XM
About Sirius XM
(
Free Report)
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.
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