Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,350 shares of the company’s stock, valued at approximately $27,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DSM Capital Partners LLC raised its stake in Sirius XM by 72.4% in the fourth quarter. DSM Capital Partners LLC now owns 37,597,119 shares of the company’s stock valued at $239,493,000 after purchasing an additional 15,794,426 shares in the last quarter. Norges Bank bought a new position in Sirius XM in the fourth quarter valued at approximately $76,681,000. Nordea Investment Management AB increased its stake in Sirius XM by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 10,228,796 shares of the company’s stock valued at $65,157,000 after acquiring an additional 495,894 shares during the last quarter. Nuveen Asset Management LLC raised its position in Sirius XM by 13.3% during the fourth quarter. Nuveen Asset Management LLC now owns 8,987,204 shares of the company’s stock valued at $57,249,000 after purchasing an additional 1,054,192 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Sirius XM by 17.7% during the fourth quarter. Bank of New York Mellon Corp now owns 8,608,391 shares of the company’s stock worth $54,834,000 after purchasing an additional 1,293,700 shares during the last quarter. 15.73% of the stock is currently owned by institutional investors.
Shares of NASDAQ SIRI opened at $6.33 on Thursday. The company has a 50 day simple moving average of $6.08 and a 200 day simple moving average of $6.06. Sirius XM Holdings Inc. has a 1 year low of $4.92 and a 1 year high of $8.14. The firm has a market cap of $26.21 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13.
The business also recently announced a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Wednesday, February 10th were issued a dividend of $0.0146 per share. This represents a $0.06 annualized dividend and a yield of 0.93%. The ex-dividend date was Tuesday, February 9th. Sirius XM’s payout ratio is presently 30.00%.
In other news, Director James P. Holden sold 28,919 shares of the firm’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $6.39, for a total transaction of $184,792.41. Following the completion of the transaction, the director now directly owns 303,070 shares in the company, valued at $1,936,617.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.93% of the company’s stock.
A number of equities analysts have recently commented on SIRI shares. Morgan Stanley boosted their price target on Sirius XM from $6.75 to $7.50 and gave the stock an “overweight” rating in a report on Thursday, December 17th. Zacks Investment Research raised Sirius XM from a “sell” rating to a “hold” rating and set a $5.75 target price for the company in a research note on Thursday, January 28th. Finally, Credit Suisse Group downgraded shares of Sirius XM from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $7.50 to $7.25 in a research note on Wednesday, January 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $7.00.
Sirius XM Profile
Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels.
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