Elgethun Capital Management Grows Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Elgethun Capital Management lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 249,088 shares of the company’s stock after buying an additional 4,153 shares during the quarter. Sirius XM makes up 1.4% of Elgethun Capital Management’s investment portfolio, making the stock its 20th largest holding. Elgethun Capital Management owned approximately 0.07% of Sirius XM worth $5,679,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after purchasing an additional 41,000 shares during the period. Check Capital Management Inc. CA increased its stake in Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after buying an additional 981,517 shares during the period. Legato Capital Management LLC boosted its position in Sirius XM by 21.9% in the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after buying an additional 15,342 shares during the period. Franklin Resources Inc. grew its stake in shares of Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after acquiring an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC acquired a new stake in shares of Sirius XM in the fourth quarter valued at $228,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

Shares of SIRI opened at $19.51 on Monday. The company has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $24.43. Sirius XM Holdings Inc. has a 52-week low of $18.57 and a 52-week high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.61 billion, a PE ratio of -3.04, a P/E/G ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate 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%. Equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 5.54%. Sirius XM’s dividend payout ratio is currently -16.85%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SIRI. Morgan Stanley decreased their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Rosenblatt Securities lowered their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Barrington Research set a $28.00 price target on Sirius XM in a research note 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 on the stock in a report on Thursday, December 19th. Finally, Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.