Fox Run Management L.L.C. Acquires New Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Fox Run Management L.L.C. bought a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 39,302 shares of the company’s stock, valued at approximately $896,000.

Several other large investors have also recently bought and sold shares of the company. Xponance Inc. grew its position in shares of Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company’s stock worth $281,000 after buying an additional 527 shares during the period. PNC Financial Services Group Inc. grew its holdings in Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock worth $339,000 after purchasing an additional 630 shares during the period. Wealthspire Advisors LLC increased its stake in Sirius XM by 4.3% in the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock valued at $358,000 after purchasing an additional 643 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Sirius XM by 5.9% during the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock valued at $325,000 after purchasing an additional 791 shares during the period. Finally, Mill Creek Capital Advisors LLC boosted its position in shares of Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after purchasing an additional 837 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Performance

Shares of SIRI opened at $23.47 on Friday. The stock has a 50 day moving average of $23.76 and a 200 day moving average of $24.69. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of -3.66, a PEG ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $41.60. 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 (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 EPS 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%. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given 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 currently -16.85%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SIRI shares. Guggenheim decreased their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Rosenblatt Securities decreased their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. 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 research report on Thursday, January 23rd. Finally, Barrington Research set a $28.00 price objective on shares of Sirius XM in a report on Friday, January 31st. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.