The Manufacturers Life Insurance Company increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 94.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,925 shares of the company's stock after purchasing an additional 13,112 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Sirius XM were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM in the 4th quarter valued at about $26,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 1,144 shares during the period. Gables Capital Management Inc. acquired a new position in shares of Sirius XM in the 4th quarter valued at about $43,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock valued at $47,000 after purchasing an additional 1,810 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.
Sirius XM Stock Performance
Shares of NASDAQ SIRI opened at $21.92 on Thursday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $21.57 and a 200 day simple moving average of $23.40. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of -3.42, a PEG ratio of 0.79 and a beta of 0.90.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share (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%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The business's revenue was down 4.3% compared to the same quarter last year. Sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's payout ratio is presently -16.56%.
Analyst Upgrades and Downgrades
SIRI has been the topic of a number of research reports. 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. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Guggenheim lowered their price target 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. Rosenblatt Securities lowered their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Barrington Research reissued an "outperform" rating and issued a $28.00 price target on shares of Sirius XM 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $26.65.
Get Our Latest Analysis on SIRI
Sirius XM Company Profile
(
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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