Captrust Financial Advisors Boosts Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Captrust Financial Advisors raised its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 44.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,486 shares of the company's stock after buying an additional 38,652 shares during the quarter. Captrust Financial Advisors' holdings in Sirius XM were worth $2,884,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Xponance Inc. boosted its stake in Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company's stock worth $281,000 after purchasing an additional 527 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock valued at $339,000 after buying an additional 630 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Sirius XM by 4.3% during the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock worth $358,000 after buying an additional 643 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of Sirius XM by 5.9% during the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock worth $325,000 after buying an additional 791 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC increased its position in Sirius XM by 5.8% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after acquiring an additional 837 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Price Performance

Shares of SIRI traded up $0.48 during trading hours on Thursday, reaching $22.36. 3,386,846 shares of the company traded hands, compared to its average volume of 5,123,943. The stock has a market capitalization of $7.56 billion, a PE ratio of -3.49, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. The stock has a fifty day simple moving average of $21.61 and a 200 day simple moving average of $23.57. 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 issued 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 firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on SIRI shares. Morgan Stanley dropped their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Barrington Research reissued an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Rosenblatt Securities lowered their price objective on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Guggenheim cut their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Six analysts have rated the stock with a sell rating, four have issued 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, the stock currently has a consensus 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.