Jacobs Equity LLC Makes New $510,000 Investment in Sirius XM Holdings Inc. $SIRI

Jacobs Equity LLC acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,500 shares of the company’s stock, valued at approximately $510,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rossby Financial LCC boosted its holdings in shares of Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after purchasing an additional 593 shares during the period. Geneos Wealth Management Inc. increased its holdings in Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after purchasing an additional 493 shares during the period. Jessup Wealth Management Inc purchased a new position in Sirius XM during the 4th quarter valued at about $40,000. Caitong International Asset Management Co. Ltd bought a new position in Sirius XM during the 4th quarter valued at approximately $40,000. Finally, Itau Unibanco Holding S.A. raised its position in Sirius XM by 31.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 2,625 shares of the company’s stock valued at $52,000 after purchasing an additional 627 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup reiterated a “sell” rating and issued a $22.00 price objective (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. Weiss Ratings upgraded Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Evercore set a $28.00 price target on Sirius XM in a research note on Friday, May 1st. Barrington Research lifted their price target on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.45.

Sirius XM Trading Up 0.4%

NASDAQ SIRI opened at $28.03 on Friday. Sirius XM Holdings Inc. has a 12 month low of $19.76 and a 12 month high of $30.11. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. The stock’s fifty day moving average price is $26.96 and its 200-day moving average price is $23.42. The stock has a market cap of $9.44 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.60 and a beta of 0.96.

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

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is currently 45.57%.

Insiders Place Their Bets

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the transaction, the insider directly owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.27% of the company’s stock.

Sirius XM Company 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.