swisspartners Advisors Ltd Has $3.32 Million Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

swisspartners Advisors Ltd grew its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,478 shares of the company’s stock after purchasing an additional 5,975 shares during the period. Sirius XM makes up approximately 5.9% of swisspartners Advisors Ltd’s holdings, making the stock its 7th largest holding. swisspartners Advisors Ltd’s holdings in Sirius XM were worth $3,317,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SIRI. Union Bancaire Privee UBP SA bought a new stake in Sirius XM during the fourth quarter worth about $26,000. Coston McIsaac & Partners boosted its holdings in shares of Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after acquiring an additional 624 shares in the last quarter. TCTC Holdings LLC bought a new stake in Sirius XM during the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. increased its holdings in 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 in the last quarter. Finally, Princeton Global Asset Management LLC raised its position in Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Stock Down 1.8 %

Sirius XM stock opened at $25.44 on Monday. The company’s 50 day simple moving average is $23.47 and its 200 day simple moving average is $26.38. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of -3.97, a PEG ratio of 0.82 and a beta of 1.06. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $50.90. 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 posted its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 3.17 EPS for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.25%. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

Analyst Ratings Changes

SIRI has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group decreased their price objective on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Morgan Stanley dropped their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Barrington Research reissued an “outperform” rating and set a $30.00 price target on shares of Sirius XM in a research note on Thursday, January 30th. Finally, Seaport Res Ptn cut shares of 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 assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.96.

About Sirius XM

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.