Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 433,585 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Swiss National Bank’s holdings in Sirius XM were worth $9,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in Sirius XM in the 4th quarter valued at about $26,000. First Command Advisory Services Inc. acquired a new position in Sirius XM in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. increased its position in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the period. Gables Capital Management Inc. acquired a new position in Sirius XM in the 4th quarter valued at about $43,000. Finally, Avior Wealth Management LLC increased its position in Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after acquiring an additional 1,810 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SIRI. Wells Fargo & Company dropped 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. Barrington Research set a $28.00 target price on Sirius XM in a research report on Friday, January 31st. Rosenblatt Securities dropped their target price 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. Morgan Stanley dropped their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six research 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Price Performance

SIRI stock opened at $23.47 on Friday. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The stock’s 50 day moving average price is $23.76 and its 200 day moving average price is $24.74. The firm has a market cap of $7.95 billion, a P/E ratio of -3.66, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last posted its 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, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

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