Wealthspire Advisors LLC Increases Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Wealthspire Advisors LLC boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,686 shares of the company’s stock after purchasing an additional 643 shares during the period. Wealthspire Advisors LLC’s holdings in Sirius XM were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SIRI. Sessa Capital IM L.P. purchased a new position in shares of Sirius XM in the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of Sirius XM in the 3rd quarter valued at about $67,598,000. Seizert Capital Partners LLC purchased a new position in shares of Sirius XM in the 3rd quarter valued at about $46,173,000. Check Capital Management Inc. CA boosted its stake in shares of Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after buying an additional 981,517 shares during the period. Finally, Whitebox Advisors LLC boosted its stake in shares of Sirius XM by 310.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after buying an additional 890,048 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SIRI has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company cut their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. StockNews.com assumed coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock. Finally, Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Trading Down 1.6 %

SIRI opened at $24.13 on Thursday. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of -3.76, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $47.45. The business’s 50 day moving average is $23.48 and its two-hundred day moving average is $25.64. The company has a quick ratio of 0.42, a current 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 EPS for the quarter, topping the consensus estimate 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, research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s payout ratio is currently -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.