Mill Creek Capital Advisors LLC Purchases 837 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Mill Creek Capital Advisors LLC increased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,273 shares of the company’s stock after acquiring an additional 837 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Sirius XM were worth $348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sessa Capital IM L.P. bought a new position in Sirius XM during the 3rd quarter worth $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Sirius XM during the third quarter worth about $67,598,000. Seizert Capital Partners LLC bought a new position in shares of Sirius XM during the third quarter worth about $46,173,000. Whitebox Advisors LLC lifted its stake in shares of Sirius XM by 310.5% in the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after acquiring an additional 890,048 shares during the period. Finally, Wittenberg Investment Management Inc. boosted its holdings in Sirius XM by 161.1% in the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after acquiring an additional 782,678 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Up 0.3 %

Sirius XM stock opened at $25.94 on Wednesday. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of -4.05, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06. The firm’s fifty day moving average price is $23.44 and its two-hundred day moving average price is $26.19. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $50.50. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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 predict that Sirius XM Holdings Inc. will post 3.17 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.16%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Bank of America reissued an “underperform” rating and set a $23.00 target price on shares of Sirius XM in a research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $43.00 price target on shares of Sirius XM in a research report on Tuesday, October 15th. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Rosenblatt Securities dropped their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.96.

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.