Fox Run Management L.L.C. Takes $1.54 Million Position in Sirius XM Holdings Inc. $SIRI

Fox Run Management L.L.C. purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 66,083 shares of the company’s stock, valued at approximately $1,538,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its stake in shares of Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after purchasing an additional 493 shares in the last quarter. True Wealth Design LLC lifted its position in Sirius XM by 47.8% during the 2nd quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock worth $37,000 after acquiring an additional 523 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Sirius XM by 6.5% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,934 shares of the company’s stock worth $228,000 after acquiring an additional 605 shares during the period. Arizona State Retirement System grew its position in Sirius XM by 1.1% in the third quarter. Arizona State Retirement System now owns 59,982 shares of the company’s stock valued at $1,396,000 after acquiring an additional 663 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in shares of Sirius XM by 1.6% during the third quarter. Clearstead Advisors LLC now owns 41,754 shares of the company’s stock valued at $972,000 after purchasing an additional 677 shares during the period. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on SIRI shares. Moffett Nathanson initiated coverage on shares of Sirius XM in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 target price for the company. Weiss Ratings cut shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 6th. Rosenblatt Securities lifted their target price on Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Benchmark reiterated a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Sirius XM in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. upgraded Sirius XM from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $24.00 in a research note on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Sirius XM presently has an average rating of “Hold” and a consensus target price of $24.44.

Sirius XM Price Performance

SIRI opened at $20.97 on Wednesday. The company has a market capitalization of $7.02 billion, a P/E ratio of 9.36, a PEG ratio of 0.36 and a beta of 0.93. The company has a 50-day moving average of $20.86 and a 200-day moving average of $21.74. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.30 and a current ratio of 0.30. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $25.35.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, February 11th. Sirius XM’s payout ratio is 48.21%.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.