Valley Brook Capital Group Makes New Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)


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Valley Brook Capital Group acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,075 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Kestra Advisory Services LLC raised its position in shares of Sirius XM by 125.7% in the fourth quarter. Kestra Advisory Services LLC now owns 53,311 shares of the company’s stock worth $342,000 after buying an additional 29,694 shares in the last quarter. Sawtooth Solutions LLC grew its holdings in Sirius XM by 10.4% in the 4th quarter. Sawtooth Solutions LLC now owns 243,098 shares of the company’s stock worth $1,549,000 after acquiring an additional 22,895 shares during the last quarter. NN Investment Partners Holdings N.V. grew its position in shares of Sirius XM by 7.1% in the 4th quarter. NN Investment Partners Holdings N.V. now owns 1,159,884 shares of the company’s stock worth $7,389,000 after buying an additional 77,023 shares during the last quarter. Liberty Capital Management Inc. bought a new stake in Sirius XM in the fourth quarter valued at $189,000. Finally, qPULA Trading Management LP purchased a new position in shares of Sirius XM during the fourth quarter valued at about $146,000. 15.73% of the stock is currently owned by institutional investors and hedge funds.

SIRI has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Sirius XM from a “sell” rating to a “hold” rating and set a $5.75 target price on the stock in a research report on Thursday, January 28th. Credit Suisse Group cut Sirius XM from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $7.50 to $7.25 in a research report on Wednesday, January 27th. Finally, Morgan Stanley raised their price objective on Sirius XM from $6.75 to $7.50 and gave the company an “overweight” rating in a research report on Thursday, December 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Sirius XM presently has an average rating of “Buy” and a consensus target price of $7.00.

In related news, Director James P. Holden sold 28,919 shares of Sirius XM stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $6.39, for a total transaction of $184,792.41. Following the completion of the sale, the director now owns 303,070 shares in the company, valued at approximately $1,936,617.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.93% of the company’s stock.

Shares of SIRI opened at $6.33 on Thursday. The business’s 50 day simple moving average is $6.08 and its 200-day simple moving average is $6.06. Sirius XM Holdings Inc. has a 1 year low of $4.92 and a 1 year high of $8.14. The stock has a market capitalization of $26.21 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Monday, February 1st. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. Sirius XM had a negative return on equity of 137.30% and a net margin of 13.28%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, analysts expect that Sirius XM Holdings Inc. will post 0.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 26th. Stockholders of record on Wednesday, February 10th were given a dividend of $0.0146 per share. The ex-dividend date was Tuesday, February 9th. This represents a $0.06 annualized dividend and a dividend yield of 0.93%. Sirius XM’s dividend payout ratio (DPR) is 30.00%.

Sirius XM Company 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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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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