13,458 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by Bank of Montreal Can

Bank of Montreal Can bought a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,458 shares of the company’s stock, valued at approximately $307,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in shares of Sirius XM by 86.4% during the fourth quarter. Cerity Partners LLC now owns 43,731 shares of the company’s stock worth $1,000,000 after acquiring an additional 20,273 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its stake in shares of Sirius XM by 8,394.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,587 shares of the company’s stock valued at $105,000 after acquiring an additional 4,533 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Sirius XM by 62.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 409,427 shares of the company’s stock worth $9,335,000 after purchasing an additional 157,807 shares during the period. Wedbush Securities Inc. purchased a new position in shares of Sirius XM in the fourth quarter worth $336,000. Finally, Thoroughbred Financial Services LLC grew its stake in shares of Sirius XM by 19.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 13,230 shares of the company’s stock worth $301,000 after purchasing an additional 2,191 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

SIRI has been the subject of several recent research reports. Guggenheim lowered their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Rosenblatt Securities reduced their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Barrington Research set a $28.00 price objective on Sirius XM in a research report on Friday, January 31st. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley lowered their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Up 3.5 %

Shares of NASDAQ SIRI opened at $21.03 on Thursday. Sirius XM Holdings Inc. has a 12-month low of $18.69 and a 12-month high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average price is $22.61 and its 200-day moving average price is $24.04. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of -3.28, a P/E/G ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.14%. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

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.