Cerity Partners LLC Boosts Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Cerity Partners LLC increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 60.6% during the 4th quarter, Holdings Channel reports. The fund owned 37,357 shares of the company’s stock after purchasing an additional 14,089 shares during the quarter. Cerity Partners LLC’s holdings in Sirius XM were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SIRI. Custom Index Systems LLC acquired a new stake in Sirius XM in the 4th quarter valued at about $91,000. Impax Asset Management Group plc acquired a new stake in Sirius XM in the fourth quarter valued at approximately $842,000. Sequoia Financial Advisors LLC lifted its stake in Sirius XM by 6.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 59,962 shares of the company’s stock worth $328,000 after acquiring an additional 3,746 shares during the last quarter. Pinkerton Retirement Specialists LLC grew its holdings in Sirius XM by 33.0% during the 4th quarter. Pinkerton Retirement Specialists LLC now owns 76,529 shares of the company’s stock worth $419,000 after acquiring an additional 18,968 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Sirius XM by 160.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 131,591 shares of the company’s stock valued at $720,000 after purchasing an additional 81,155 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Trading Up 5.0 %

SIRI stock opened at $3.17 on Tuesday. The business has a 50 day simple moving average of $3.82 and a 200-day simple moving average of $4.59. The company has a market capitalization of $12.19 billion, a P/E ratio of 9.91, a PEG ratio of 1.02 and a beta of 1.04. Sirius XM Holdings Inc. has a twelve month low of $2.97 and a twelve month 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. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Research analysts predict that Sirius XM Holdings Inc. will post 0.29 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be issued a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, May 9th. Sirius XM’s dividend payout ratio is currently 34.38%.

Insider Activity at Sirius XM

In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the 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 completion of the sale, the director now directly owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM 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 of the company’s stock, valued at $3,659,398.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares in the company, valued at $5,370,042.24. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SIRI. Pivotal Research raised shares of Sirius XM from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $5.05 to $4.90 in a research report on Wednesday, April 24th. Guggenheim started coverage on Sirius XM in a report on Thursday, March 14th. They set a “neutral” rating and a $4.00 price target for the company. StockNews.com assumed coverage on Sirius XM in a report on Monday. They issued a “hold” rating on the stock. Wells Fargo & Company decreased their target price on Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research note on Monday, April 1st. Finally, Benchmark dropped their price target on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus target price of $4.67.

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.