Capstone Investment Advisors LLC Takes $157,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Capstone Investment Advisors LLC bought a new position in Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 28,642 shares of the company’s stock, valued at approximately $157,000.

A number of other institutional investors have also added to or reduced their stakes in the company. TFO Wealth Partners LLC boosted its holdings in shares of Sirius XM by 140,560.0% in the 4th quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after purchasing an additional 7,028 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Sirius XM by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 299,611 shares of the company’s stock worth $1,639,000 after buying an additional 2,853 shares in the last quarter. TD Asset Management Inc grew its position in Sirius XM by 8.5% during the fourth quarter. TD Asset Management Inc now owns 369,298 shares of the company’s stock valued at $2,020,000 after acquiring an additional 29,086 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Sirius XM by 84.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 65,610 shares of the company’s stock worth $359,000 after acquiring an additional 29,981 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV bought a new stake in shares of Sirius XM in the 4th quarter worth approximately $120,000. Institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

SIRI has been the topic of a number of analyst reports. Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $4.10 to $3.30 in a research report on Wednesday, April 24th. The Goldman Sachs Group raised Sirius XM from a “sell” rating to a “neutral” rating and lowered their target price for the company from $3.50 to $3.25 in a research note on Wednesday, May 1st. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and reduced their price target for the stock from $5.05 to $4.90 in a research report on Wednesday, April 24th. Barrington Research reiterated an “outperform” rating and issued a $4.75 price objective on shares of Sirius XM in a research report on Tuesday, May 28th. Finally, Seaport Res Ptn upgraded shares of Sirius XM from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.33.

View Our Latest Report on SIRI

Sirius XM Trading Down 6.5 %

Shares of SIRI opened at $2.59 on Wednesday. Sirius XM Holdings Inc. has a 1-year low of $2.55 and a 1-year high of $7.95. The firm’s 50-day moving average price is $3.14 and its 200-day moving average price is $4.28. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.92 and a beta of 1.08.

Sirius XM (NASDAQ:SIRIGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Sirius XM had a negative return on equity of 47.17% and a net margin of 14.38%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm posted $0.06 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, research analysts forecast that Sirius XM Holdings Inc. will post 0.31 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were given a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a yield of 4.11%. The ex-dividend date was Thursday, May 9th. Sirius XM’s dividend payout ratio is currently 33.33%.

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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