Cibc World Markets Corp Acquires New Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Cibc World Markets Corp acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,000 shares of the company’s stock, valued at approximately $1,938,000.

Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after acquiring an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA lifted its stake in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after purchasing an additional 981,517 shares in the last quarter. Legato Capital Management LLC lifted its stake in Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock worth $1,949,000 after purchasing an additional 15,342 shares in the last quarter. Franklin Resources Inc. lifted its stake in Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after purchasing an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC acquired a new position in Sirius XM during the fourth quarter worth $228,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on SIRI shares. Wells Fargo & Company decreased their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley decreased their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim reduced their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Barrington Research set a $28.00 price objective on Sirius XM in a research note on Friday, January 31st. Finally, Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $23.47 on Friday. The firm has a market capitalization of $7.95 billion, a PE ratio of -3.66, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The business’s fifty day moving average price is $23.76 and its 200 day moving average price is $24.74. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $41.60.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (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, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s payout ratio is -16.85%.

Sirius XM Company 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.