Fuller & Thaler Asset Management Inc. Raises Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Fuller & Thaler Asset Management Inc. boosted its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 469,863 shares of the company's stock after purchasing an additional 100,106 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.14% of Sirius XM worth $10,713,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Sirius XM during the third quarter worth $5,489,000. Franklin Resources Inc. grew its stake in Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after acquiring an additional 58,993 shares during the period. Everence Capital Management Inc. bought a new position in shares of Sirius XM in the 4th quarter worth $241,000. Central Pacific Bank Trust Division acquired a new stake in Sirius XM in the 4th quarter valued at $104,000. Finally, First Hawaiian Bank acquired a new position in shares of Sirius XM during the fourth quarter valued at about $454,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SIRI has been the subject of several analyst reports. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Rosenblatt Securities cut their price target on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Morgan Stanley lowered their price objective on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research note on Thursday, January 23rd. Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. Finally, Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $26.81.

Sirius XM Trading Down 3.1 %

SIRI stock traded down $0.67 during midday trading on Wednesday, hitting $21.06. The company had a trading volume of 1,292,362 shares, compared to its average volume of 4,970,621. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of -3.29, a PEG ratio of 0.79 and a beta of 0.98. The stock's 50 day moving average price is $22.26 and its 200 day moving average price is $23.98.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, equities research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's payout ratio is -16.85%.

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.