Union Bancaire Privee UBP SA Makes New $26,000 Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Union Bancaire Privee UBP SA purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,190 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also bought and sold shares of SIRI. Wealthspire Advisors LLC grew its stake in Sirius XM by 4.3% during the 4th 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 last quarter. Mill Creek Capital Advisors LLC grew its stake in shares of Sirius XM by 5.8% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after acquiring an additional 837 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after acquiring an additional 1,144 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Sirius XM by 7.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock worth $356,000 after acquiring an additional 1,202 shares during the last quarter. Finally, TCTC Holdings LLC purchased a new stake in shares of Sirius XM during the third quarter worth about $29,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Price Performance

NASDAQ:SIRI opened at $24.51 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a 50 day moving average price of $23.43 and a 200-day moving average price of $25.65. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $47.80. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of -3.82, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.41%. Sirius XM’s dividend payout ratio is presently -16.85%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SIRI. StockNews.com began coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock. Pivotal Research dropped their price objective on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Morgan Stanley dropped their price objective 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. Wells Fargo & Company dropped their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group dropped their price target on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.81.

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.