Sirius XM Holdings Inc. (NASDAQ:SIRI) Stake Increased by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 8.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,406 shares of the company’s stock after acquiring an additional 1,228 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in Sirius XM were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SIRI. Union Bancaire Privee UBP SA acquired a new position in Sirius XM in the fourth quarter worth $26,000. Coston McIsaac & Partners boosted its holdings in Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares during the period. TCTC Holdings LLC acquired a new position in Sirius XM in the third quarter worth $29,000. Geneos Wealth Management Inc. boosted its holdings in Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after purchasing an additional 1,144 shares during the period. Finally, Princeton Global Asset Management LLC boosted its holdings in Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after purchasing an additional 1,315 shares during the period. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $27.11 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $23.33 and its 200 day simple moving average is $26.06. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $49.40. The stock has a market cap of $9.18 billion, a P/E ratio of -4.23, a P/E/G ratio of 0.82 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last issued 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 negative net margin of 24.03% and a positive return on equity of 13.44%. Equities analysts expect that Sirius XM Holdings Inc. will post 3.17 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.98%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Wall Street Analyst Weigh In

SIRI has been the subject of several analyst reports. Guggenheim reduced their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group reduced their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Barrington Research reissued an “outperform” rating and set a $30.00 price target on shares of Sirius XM in a report on Thursday, January 30th. StockNews.com initiated coverage on shares of Sirius XM in a report on Wednesday, November 13th. They set a “sell” rating for the company. Finally, Morgan Stanley reduced their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Sirius XM has an average rating of “Hold” and an average price target of $26.96.

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.