Nilsine Partners LLC Takes $604,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Nilsine Partners LLC acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 26,496 shares of the company’s stock, valued at approximately $604,000.

A number of other institutional investors have also recently bought and sold shares of the business. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM in the 4th quarter valued at about $26,000. Coston McIsaac & Partners grew its position in Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. TCTC Holdings LLC acquired a new position in Sirius XM in the 3rd quarter valued at approximately $29,000. Geneos Wealth Management Inc. lifted its position in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after buying an additional 1,144 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after buying an additional 1,315 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Performance

SIRI opened at $22.06 on Wednesday. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $53.50. The firm has a market capitalization of $7.48 billion, a P/E ratio of -3.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. The stock’s 50 day moving average price is $23.85 and its two-hundred day moving average price is $27.11. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is currently -17.03%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SIRI. Bank of America reiterated an “underperform” rating and set a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Morgan Stanley reduced their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. StockNews.com initiated coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.42.

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.