EntryPoint Capital LLC Makes New Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

EntryPoint Capital LLC acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,643 shares of the company’s stock, valued at approximately $334,000.

Several other large investors have also recently modified their holdings of the stock. Xponance Inc. grew its position in Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company’s stock worth $281,000 after acquiring an additional 527 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock worth $339,000 after purchasing an additional 630 shares during the last quarter. Wealthspire Advisors LLC increased its stake in shares of Sirius XM by 4.3% in the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock worth $358,000 after buying an additional 643 shares during the period. Proficio Capital Partners LLC raised its holdings in Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock valued at $325,000 after buying an additional 791 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC boosted its position in Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock valued at $348,000 after buying an additional 837 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Down 1.2 %

Shares of NASDAQ SIRI opened at $23.95 on Thursday. The stock has a market cap of $8.11 billion, a P/E ratio of -3.74, a price-to-earnings-growth 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. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $41.60. The firm has a 50-day moving average of $23.93 and a 200 day moving average of $24.60.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.51%. Sirius XM’s dividend payout ratio is currently -16.85%.

Analyst Ratings Changes

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

Sirius XM 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.