Nisa Investment Advisors LLC Buys 81,155 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Nisa Investment Advisors LLC increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 160.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 131,591 shares of the company’s stock after purchasing an additional 81,155 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sirius XM were worth $720,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in Sirius XM in the 3rd quarter valued at $27,000. BKM Wealth Management LLC acquired a new stake in Sirius XM in the 4th quarter valued at $27,000. Hibernia Wealth Partners LLC acquired a new stake in Sirius XM in the 3rd quarter valued at $30,000. FNY Investment Advisers LLC acquired a new stake in Sirius XM in the 3rd quarter valued at $34,000. Finally, Comerica Bank acquired a new stake in Sirius XM in the 3rd quarter valued at $35,000. Institutional investors own 10.69% of the company’s stock.

Insider Buying and Selling

In related news, Director James E. Meyer sold 800,000 shares of the business’s 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 directly owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director James E. Meyer sold 800,000 shares of the business’s 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 directly owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph A. Inzerillo sold 107,611 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the sale, the insider now owns 746,816 shares in the company, valued at $3,659,398.40. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SIRI has been the subject of several research reports. Citigroup lifted their price target on shares of Sirius XM from $3.60 to $4.10 and gave the company a “sell” rating in a research report on Friday, January 12th. Benchmark cut their price objective on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Wells Fargo & Company cut their price objective on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating on the stock in a report on Monday, April 1st. StockNews.com started coverage on shares of Sirius XM in a report on Saturday. They set a “hold” rating on the stock. Finally, Guggenheim started coverage on shares of Sirius XM in a report on Thursday, March 14th. They set a “neutral” rating and a $4.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.74.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI opened at $3.15 on Wednesday. The company’s 50-day moving average is $4.14 and its 200 day moving average is $4.67. The company has a market capitalization of $12.12 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. Sirius XM Holdings Inc. has a fifty-two week low of $3.11 and a fifty-two week high of $7.95.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.30 billion. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. As a group, research analysts predict that Sirius XM Holdings Inc. will post 0.29 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Thursday, February 8th. Sirius XM’s dividend payout ratio (DPR) is currently 31.25%.

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.