Sequoia Financial Advisors LLC Acquires New Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sequoia Financial Advisors LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,297 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sessa Capital IM L.P. acquired a new position in shares of Sirius XM in the third quarter worth approximately $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in Sirius XM during the 3rd quarter worth approximately $67,598,000. Seizert Capital Partners LLC lifted its position in shares of Sirius XM by 16.3% in the 4th quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock worth $51,747,000 after purchasing an additional 317,289 shares during the period. Alberta Investment Management Corp boosted its stake in shares of Sirius XM by 2.9% in the 4th quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock valued at $29,014,000 after purchasing an additional 36,300 shares during the last quarter. Finally, Wittenberg Investment Management Inc. increased its position in shares of Sirius XM by 161.1% during the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock worth $30,000,000 after buying an additional 782,678 shares during the period. 10.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Guggenheim cut their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Rosenblatt Securities decreased their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Finally, Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six research 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 presently has an average rating of “Hold” and a consensus target price of $26.81.

Sirius XM Trading Down 1.8 %

NASDAQ:SIRI opened at $22.63 on Wednesday. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60. The company has a market cap of $7.67 billion, a PE ratio of -3.53, a PEG ratio of 0.79 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 moving average of $23.65 and a 200-day moving average of $24.83.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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%. As a group, equities research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio is -16.85%.

About Sirius XM

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.