HB Wealth Management LLC Raises Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

HB Wealth Management LLC increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) by 31.3% in the 4th quarter, HoldingsChannel reports. The fund owned 19,355 shares of the company’s stock after purchasing an additional 4,615 shares during the quarter. HB Wealth Management LLC’s holdings in Sirius XM were worth $106,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Sirius XM during the third quarter worth $27,000. BKM Wealth Management LLC purchased a new position in shares of Sirius XM during the fourth quarter worth $27,000. Hibernia Wealth Partners LLC purchased a new position in shares of Sirius XM during the third quarter worth $30,000. FNY Investment Advisers LLC purchased a new position in shares of Sirius XM during the third quarter worth $34,000. Finally, Comerica Bank purchased a new position in shares of Sirius XM during the third quarter worth $35,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Price Performance

Sirius XM stock opened at $3.88 on Friday. Sirius XM Holdings Inc. has a 1-year low of $3.32 and a 1-year high of $7.95. The stock has a market cap of $14.91 billion, a PE ratio of 12.13, a P/E/G ratio of 1.32 and a beta of 1.05. The stock’s fifty day moving average is $4.61 and its two-hundred day moving average is $4.73.

Sirius XM (NASDAQ:SIRIGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.30 billion. On average, research analysts expect that Sirius XM Holdings Inc. will post 0.29 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 8th. Sirius XM’s dividend payout ratio is presently 34.38%.

Insider Transactions at Sirius XM

In other news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the sale, the insider now owns 746,816 shares in the company, valued at $3,659,398.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the sale, the insider now owns 746,816 shares in the company, valued at $3,659,398.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Meyer sold 800,000 shares of Sirius XM stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the sale, the director now owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

SIRI has been the subject of several research analyst reports. Guggenheim initiated coverage on Sirius XM in a research report on Thursday, March 14th. They set a “neutral” rating and a $4.00 price target for the company. Citigroup raised their price target on Sirius XM from $3.60 to $4.10 and gave the stock a “sell” rating in a research report on Friday, January 12th. Wells Fargo & Company reiterated an “underweight” rating and issued a $4.50 price objective (down from $5.00) on shares of Sirius XM in a research note on Tuesday, January 23rd. StockNews.com assumed coverage on Sirius XM in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Benchmark reduced their price objective on Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.84.

Read Our Latest Research Report on Sirius XM

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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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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