Advisors Asset Management Inc. Grows Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Advisors Asset Management Inc. increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 75.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 148,400 shares of the company’s stock after purchasing an additional 64,001 shares during the quarter. Advisors Asset Management Inc.’s holdings in Sirius XM were worth $3,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new position in Sirius XM in the 4th quarter valued at about $26,000. First Command Advisory Services Inc. purchased a new position in Sirius XM in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its holdings in 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 in the last quarter. Gables Capital Management Inc. purchased a new position in Sirius XM in the 4th quarter valued at about $43,000. Finally, Avior Wealth Management LLC lifted its holdings in 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 in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Down 0.2 %

SIRI opened at $23.04 on Friday. The firm has a 50 day moving average price of $23.71 and a 200 day moving average price of $24.80. The company has a market cap of $7.81 billion, a PE ratio of -3.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) 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%. Sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.69%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Analyst Ratings Changes

SIRI has been the topic of a number of recent research reports. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Morgan Stanley reduced their target price on shares of 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 set a $28.00 price objective on shares of Sirius XM in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Finally, Guggenheim cut their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.81.

Sirius XM Company 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.