Leonteq Securities AG Takes $402,000 Position in Sirius XM Holdings Inc. $SIRI

Leonteq Securities AG purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, Holdings Channel.com reports. The firm purchased 20,102 shares of the company’s stock, valued at approximately $402,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SIRI. Brighton Jones LLC purchased a new position in shares of Sirius XM in the 4th quarter valued at $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sirius XM by 11.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock valued at $20,861,000 after acquiring an additional 92,111 shares during the period. Focus Partners Wealth increased its holdings in shares of Sirius XM by 5.2% in the 1st quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock valued at $367,000 after acquiring an additional 800 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Sirius XM in the 2nd quarter valued at $208,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $28.89 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $9.72 billion, a PE ratio of 12.19, a P/E/G ratio of 0.62 and a beta of 0.94. The business has a 50-day simple moving average of $24.88 and a two-hundred day simple moving average of $22.48. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $29.60.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. As a group, equities analysts expect that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is currently 45.57%.

Analyst Ratings Changes

SIRI has been the topic of a number of analyst reports. Evercore set a $28.00 price target on Sirius XM in a report on Friday, May 1st. Moffett Nathanson began coverage on Sirius XM in a report on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 price target on the stock. Citigroup restated a “sell” rating and set a $22.00 target price (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. Rosenblatt Securities dropped their target price on Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Finally, Barrington Research upped their target price on Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.45.

Sirius XM Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.