Signaturefd LLC Acquires 4,955 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Signaturefd LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 21.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,455 shares of the company’s stock after purchasing an additional 4,955 shares during the quarter. Signaturefd LLC’s holdings in Sirius XM were worth $156,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Sirius XM during the third quarter worth about $27,000. BKM Wealth Management LLC acquired a new stake in Sirius XM during the fourth quarter worth about $27,000. Fidelis Capital Partners LLC acquired a new stake in Sirius XM during the third quarter worth about $47,000. Garden State Investment Advisory Services LLC acquired a new stake in Sirius XM during the third quarter worth about $47,000. Finally, ORG Partners LLC acquired a new stake in Sirius XM during the fourth quarter worth about $49,000. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Performance

SIRI opened at $3.02 on Monday. The company’s 50 day moving average is $3.85 and its 200-day moving average is $4.60. The company has a market cap of $11.62 billion, a P/E ratio of 9.44, a PEG ratio of 1.02 and a beta of 1.04. Sirius XM Holdings Inc. has a 1-year low of $2.97 and a 1-year high of $7.95.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.30 billion. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 0.29 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be issued a $0.0266 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.11 dividend on an annualized basis and a yield of 3.52%. Sirius XM’s dividend payout ratio (DPR) is presently 34.38%.

Insider Activity at Sirius XM

In related news, Director James E. Meyer sold 800,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $4.92, for a total value of $3,936,000.00. Following the completion of the transaction, the director now 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 SEC, which can be accessed through this link. In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James E. Meyer sold 800,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SIRI shares. Guggenheim started coverage on shares of Sirius XM in a research note on Thursday, March 14th. They set a “neutral” rating and a $4.00 price objective on the stock. Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $5.05 to $4.90 in a research note on Wednesday, April 24th. Wells Fargo & Company reduced their price target on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating on the stock in a research note on Monday, April 1st. Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and reduced their price target for the company from $4.10 to $3.30 in a research note on Wednesday, April 24th. Finally, StockNews.com started coverage on shares of Sirius XM in a research note on Monday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.67.

About Sirius XM

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.