SRH Advisors LLC Has $4.70 Million Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

SRH Advisors LLC reduced its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,117 shares of the company’s stock after selling 628 shares during the quarter. Sirius XM accounts for 1.4% of SRH Advisors LLC’s portfolio, making the stock its 9th largest position. SRH Advisors LLC owned approximately 0.06% of Sirius XM worth $4,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SIRI. Coston McIsaac & Partners grew its stake in shares of Sirius XM by 113.5% during 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. Mill Creek Capital Advisors LLC boosted its holdings in Sirius XM by 5.8% during the fourth 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 during the last quarter. Geneos Wealth Management Inc. grew its position in Sirius XM by 574.9% in the fourth 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. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the 4th quarter valued at $26,000. Finally, Chicago Partners Investment Group LLC increased its stake in Sirius XM by 7.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after buying an additional 1,202 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Trading Up 0.3 %

Shares of Sirius XM stock opened at $25.94 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $50.50. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of -4.05, a PEG ratio of 0.82 and a beta of 1.06. The firm’s 50-day moving average price is $23.44 and its two-hundred day moving average price is $26.19.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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, analysts forecast that Sirius XM Holdings Inc. will post 3.17 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.16%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their price target on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Guggenheim dropped their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley cut their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Finally, StockNews.com initiated coverage on shares of Sirius XM in a report on Wednesday, November 13th. They set a “sell” rating on the stock. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.96.

Sirius XM 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.