AXQ Capital LP Acquires New Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

AXQ Capital LP acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,264 shares of the company’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SIRI. Check Capital Management Inc. CA increased its holdings in Sirius XM by 597.7% in the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after purchasing an additional 981,517 shares during the period. Whitebox Advisors LLC grew its holdings in Sirius XM by 310.5% during the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after acquiring an additional 890,048 shares during the period. Wittenberg Investment Management Inc. grew its holdings in Sirius XM by 161.1% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock worth $30,000,000 after acquiring an additional 782,678 shares during the period. Capital Management Corp VA acquired a new stake in Sirius XM during the 4th quarter worth about $11,339,000. Finally, Swiss National Bank acquired a new stake in Sirius XM during the 3rd quarter worth about $10,219,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $23.47 on Monday. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of -3.66, a PEG ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm’s 50-day simple moving average is $23.76 and its 200 day simple moving average is $24.66.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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%. As a group, research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.60%. Sirius XM’s payout ratio is -16.85%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Guggenheim decreased their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Rosenblatt Securities decreased their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Morgan Stanley decreased their price target 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, Barrington Research set a $28.00 target price on Sirius XM in a research note on Friday, January 31st. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.81.

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.