Applied Finance Capital Management LLC Has $212,000 Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Applied Finance Capital Management LLC boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 18.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,304 shares of the company’s stock after purchasing an additional 1,457 shares during the period. Applied Finance Capital Management LLC’s holdings in Sirius XM were worth $212,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM in the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new position in Sirius XM in the 4th quarter valued at $30,000. Geneos Wealth Management Inc. boosted its stake in Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after purchasing an additional 1,144 shares in the last quarter. Gables Capital Management Inc. bought a new stake in shares of Sirius XM during the fourth quarter worth $43,000. Finally, Avior Wealth Management LLC increased its stake in shares of Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after buying an additional 1,810 shares in the last quarter. 10.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SIRI shares. Wells Fargo & Company decreased their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Morgan Stanley decreased their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Rosenblatt Securities reduced their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Barrington Research set a $28.00 target price on Sirius XM in a research report on Friday, January 31st. Six equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Trading Down 5.0 %

NASDAQ SIRI opened at $19.34 on Wednesday. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $41.60. The stock has a 50-day simple moving average of $23.78 and a 200 day simple moving average of $24.33. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.55 billion, a PE ratio of -3.02, a P/E/G ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Research analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.58%. Sirius XM’s dividend payout ratio is -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.