Oakworth Capital Inc. Invests $115,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Oakworth Capital Inc. bought 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 bought 5,030 shares of the company’s stock, valued at approximately $115,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM during the 4th quarter worth approximately $26,000. Coston McIsaac & Partners raised its stake in Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after acquiring an additional 624 shares in the last quarter. TCTC Holdings LLC bought a new position in shares of Sirius XM during the third quarter valued at $29,000. Geneos Wealth Management Inc. boosted its stake in shares of Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after purchasing an additional 1,315 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

Sirius XM Trading Up 0.5 %

SIRI opened at $25.91 on Friday. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $51.60. The company has a market cap of $8.78 billion, a price-to-earnings ratio of -4.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. 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 firm has a 50 day simple moving average of $23.51 and a 200 day simple moving average of $26.53.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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%. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 2.98 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com began coverage on shares of Sirius XM in a report on Wednesday, November 13th. They set a “sell” rating for the company. Guggenheim cut their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Morgan Stanley cut their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Finally, Benchmark restated a “buy” rating and set a $43.00 target price on shares of Sirius XM in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.96.

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.