Helix Partners Management LP Acquires Shares of 276,375 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Helix Partners Management LP bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 276,375 shares of the company’s stock, valued at approximately $6,301,000. Sirius XM accounts for approximately 1.1% of Helix Partners Management LP’s portfolio, making the stock its 8th biggest position. Helix Partners Management LP owned approximately 0.08% of Sirius XM at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue grew its position in Sirius XM by 21.2% during the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after purchasing an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA grew its holdings in shares of Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after buying an additional 981,517 shares during the last quarter. Legato Capital Management LLC increased its position in Sirius XM by 21.9% in the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after acquiring an additional 15,342 shares during the period. Franklin Resources Inc. raised its stake in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after acquiring an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC acquired a new stake in Sirius XM during the 4th quarter worth approximately $228,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Up 1.7 %

NASDAQ:SIRI opened at $22.33 on Thursday. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $41.60. 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 stock has a fifty day simple moving average of $23.98 and a 200-day simple moving average of $24.47. The company has a market capitalization of $7.56 billion, a PE ratio of -3.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company 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. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.84%. Sirius XM’s dividend payout ratio is currently -16.85%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Guggenheim dropped their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Morgan Stanley lowered their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Finally, Rosenblatt Securities cut their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.