Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC increased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 30.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,820 shares of the company’s stock after acquiring an additional 3,193 shares during the period. Blueshift Asset Management LLC’s holdings in Sirius XM were worth $315,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SIRI. Xponance Inc. boosted its holdings in Sirius XM by 4.5% during the fourth quarter. Xponance Inc. now owns 12,341 shares of the company’s stock worth $281,000 after buying an additional 527 shares in the last quarter. Boston Partners boosted its stake in shares of Sirius XM by 32.5% during the 4th quarter. Boston Partners now owns 33,620 shares of the company’s stock worth $767,000 after acquiring an additional 8,239 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Sirius XM by 75.8% in the 4th quarter. Advisors Asset Management Inc. now owns 148,400 shares of the company’s stock worth $3,384,000 after acquiring an additional 64,001 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Sirius XM by 8.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 74,971 shares of the company’s stock worth $1,709,000 after purchasing an additional 5,765 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of Sirius XM during the fourth quarter valued at $1,938,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Up 1.9 %

NASDAQ SIRI opened at $23.47 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $41.60. The firm’s fifty day simple moving average is $23.76 and its 200-day simple moving average is $24.74. The company 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.

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

Sirius XM Dividend Announcement

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

Analyst Ratings Changes

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

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.