Zebra Capital Management LLC purchased a new stake in Sirius XM Holdings Inc (NASDAQ:SIRI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,693 shares of the company’s stock, valued at approximately $98,000.
A number of other institutional investors also recently made changes to their positions in SIRI. American International Group Inc. increased its position in Sirius XM by 4.3% during the fourth quarter. American International Group Inc. now owns 318,454 shares of the company’s stock worth $2,277,000 after buying an additional 13,060 shares during the period. Evanson Asset Management LLC grew its holdings in shares of Sirius XM by 1,033.0% during the fourth quarter. Evanson Asset Management LLC now owns 183,110 shares of the company’s stock worth $1,309,000 after buying an additional 166,948 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in Sirius XM by 40.0% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 94,705 shares of the company’s stock valued at $677,000 after acquiring an additional 27,073 shares during the period. Great Diamond Partners LLC acquired a new position in Sirius XM in the 4th quarter valued at about $35,000. Finally, Penserra Capital Management LLC raised its stake in Sirius XM by 20.6% during the 3rd quarter. Penserra Capital Management LLC now owns 94,715 shares of the company’s stock valued at $592,000 after acquiring an additional 16,161 shares during the last quarter. Institutional investors own 17.80% of the company’s stock.
Shares of Sirius XM stock traded up $0.15 during trading on Thursday, reaching $5.20. The company’s stock had a trading volume of 27,207,642 shares, compared to its average volume of 27,515,482. The business has a 50 day moving average price of $6.41 and a 200-day moving average price of $6.67. Sirius XM Holdings Inc has a 12-month low of $4.11 and a 12-month high of $7.40. The company has a market capitalization of $21.98 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04.
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.0133 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.02%. Sirius XM’s payout ratio is 25.00%.
In other news, Director James P. Holden sold 44,313 shares of Sirius XM stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $7.21, for a total transaction of $319,496.73. Following the completion of the transaction, the director now owns 279,921 shares of the company’s stock, valued at approximately $2,018,230.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas D. Barry sold 261,159 shares of Sirius XM stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $7.22, for a total value of $1,885,567.98. Following the transaction, the vice president now directly owns 1,001,444 shares of the company’s stock, valued at approximately $7,230,425.68. The disclosure for this sale can be found here. 0.93% of the stock is owned by insiders.
SIRI has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Sirius XM from to in a report on Wednesday, February 5th. Barrington Research reaffirmed a “buy” rating and set a $8.50 price target on shares of Sirius XM in a report on Tuesday, February 4th. B. Riley lowered their price objective on shares of Sirius XM from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Credit Suisse Group lowered shares of Sirius XM from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 6th. They noted that the move was a valuation call. Finally, FBN Securities started coverage on shares of Sirius XM in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $8.50 price objective on the stock. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $7.95.
Sirius XM Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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