Hardy Reed LLC Takes Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Hardy Reed LLC acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,590 shares of the company’s stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Coston McIsaac & Partners grew its holdings in shares of Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after acquiring an additional 624 shares in the last quarter. Mill Creek Capital Advisors LLC grew its stake in Sirius XM by 5.8% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock valued at $348,000 after purchasing an additional 837 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM during the 4th quarter worth $26,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Sirius XM by 7.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock worth $356,000 after buying an additional 1,202 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Down 5.0 %

SIRI opened at $25.20 on Thursday. The firm has a market capitalization of $8.54 billion, a P/E ratio of -3.93, a price-to-earnings-growth ratio of 0.85 and a beta of 1.06. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $48.55. The company has a fifty day moving average price of $23.32 and a 200-day moving average price of $25.86. 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 (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping 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%. Equities research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.29%. Sirius XM’s dividend payout ratio is presently -16.85%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SIRI shares. StockNews.com assumed coverage on shares of Sirius XM in a report on Wednesday, November 13th. They set a “sell” rating for the company. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company decreased their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Finally, Rosenblatt Securities dropped their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and a consensus target price 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.