177,111 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by Ninety One UK Ltd

Ninety One UK Ltd acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, HoldingsChannel reports. The fund acquired 177,111 shares of the company’s stock, valued at approximately $4,038,000.

Several other institutional investors also recently bought and sold shares of the business. Sessa Capital IM L.P. purchased a new stake in Sirius XM during the third quarter worth approximately $77,983,000. Thompson Siegel & Walmsley LLC purchased a new stake in Sirius XM during the third quarter worth approximately $67,598,000. Seizert Capital Partners LLC purchased a new stake in Sirius XM during the third quarter worth approximately $46,173,000. Wittenberg Investment Management Inc. grew its stake in Sirius XM by 161.1% during the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock worth $30,000,000 after buying an additional 782,678 shares during the period. Finally, Whitebox Advisors LLC grew its stake in Sirius XM by 310.5% during the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after buying an additional 890,048 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Trading Up 4.8 %

NASDAQ SIRI opened at $25.79 on Thursday. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $51.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of -4.02, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. The company’s fifty day moving average price is $23.53 and its two-hundred day moving average price is $26.54.

Sirius XM (NASDAQ:SIRI) last issued its 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%. As a group, research analysts predict that Sirius XM Holdings Inc. will post 2.98 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.19%. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Wall Street Analysts Forecast Growth

SIRI has been the subject of several research reports. Rosenblatt Securities decreased their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley decreased 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. Pivotal Research decreased their target price on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. StockNews.com initiated coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating for the company. Finally, Guggenheim decreased their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. 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 company’s stock. According to MarketBeat.com, Sirius XM currently 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.