2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. boosted its holdings in Sirius XM Holdings Inc. ( NASDAQ:SIRI – Free Report ) by 62.
7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,427 shares of the company’s stock after purchasing an additional 157,807 shares during the quarter. Envestnet Asset Management Inc.
owned approximately 0.12% of Sirius XM worth $9,335,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also modified their holdings of the company.
Wedbush Securities Inc. acquired a new position in shares of Sirius XM during the fourth quarter valued at $336,000. Thoroughbred Financial Services LLC grew its stake in shares of Sirius XM by 19.
8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 13,230 shares of the company’s stock worth $301,000 after purchasing an additional 2,191 shares during the last quarter. Aldebaran Capital LLC bought a new position in shares of Sirius XM in the fourth quarter valued at $983,000.
Helix Partners Management LP purchased a new stake in shares of Sirius XM during the fourth quarter valued at $6,301,000. Finally, Weitz Investment Management Inc. raised its holdings in Sirius XM by 16.
1% during the 4th quarter. Weitz Investment Management Inc. now owns 1,465,500 shares of the company’s stock worth $33,413,000 after buying an additional 203,501 shares during the period.
10.69% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several brokerages recently issued reports on SIRI.
Morgan Stanley reduced their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd.
Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Guggenheim reduced their price objective on shares of Sirius XM from $30.
00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th.
Finally, Rosenblatt Securities cut their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd.
Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus price target of $26.
81. Sirius XM Trading Up 1.1 % Shares of SIRI stock opened at $20.
31 on Friday. The company has a market capitalization of $6.88 billion, a P/E ratio of -3.
17, a P/E/G ratio of 0.79 and a beta of 0.98.
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 Holdings Inc. has a 12-month low of $18.
69 and a 12-month high of $41.60. The firm has a 50-day moving average price of $22.
96 and a 200 day moving average price of $24.10. Sirius XM ( NASDAQ:SIRI – Get Free Report ) last issued its quarterly earnings results on Thursday, January 30th.
The company reported $0.83 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that Sirius XM Holdings Inc. will post 3.
2 earnings per share for the current fiscal year. Sirius XM Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be given a $0.
27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.
08 dividend on an annualized basis and a yield of 5.32%. Sirius XM’s payout ratio is -16.
85%. 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. Read More Want to see what other hedge funds are holding SIRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sirius XM Holdings Inc.
( NASDAQ:SIRI – Free Report ). Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter .
.
