Optimist Retirement Group LLC Takes Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Optimist Retirement Group LLC purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 8,870 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in Sirius XM by 37.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 282,600 shares of the company’s stock worth $800,000 after purchasing an additional 76,552 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Sirius XM by 23.9% in the third quarter. Handelsbanken Fonder AB now owns 49,453 shares of the company’s stock worth $1,170,000 after buying an additional 9,542 shares in the last quarter. Mendota Financial Group LLC bought a new stake in Sirius XM during the third quarter valued at $754,000. R.H. Dinel Investment Counsel Inc. purchased a new position in Sirius XM during the third quarter worth about $1,545,000. Finally, Bfsg LLC increased its stake in Sirius XM by 35.3% in the 3rd quarter. Bfsg LLC now owns 4,735 shares of the company’s stock worth $112,000 after acquiring an additional 1,235 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SIRI. Rosenblatt Securities cut their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday. StockNews.com began coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They issued a “sell” rating for the company. 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. Wells Fargo & Company decreased their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley cut their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.96.

Sirius XM Stock Up 4.8 %

Shares of NASDAQ:SIRI opened at $25.79 on Thursday. 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 cap of $8.74 billion, a PE ratio of -4.02, a P/E/G ratio of 1.25 and a beta of 1.06. The stock’s 50-day moving average is $23.53 and its 200 day moving average is $26.54. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $51.80.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Sell-side analysts anticipate that Sirius XM Holdings Inc. will post 2.98 EPS for the current year.

Sirius XM Dividend Announcement

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

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.