Quent Capital LLC Takes $158,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Quent Capital LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,918 shares of the company’s stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SIRI. Bfsg LLC grew its stake in Sirius XM by 35.3% during the 3rd quarter. Bfsg LLC now owns 4,735 shares of the company’s stock worth $112,000 after purchasing an additional 1,235 shares in the last quarter. Kirr Marbach & Co. LLC IN acquired a new position in Sirius XM during the 3rd quarter worth $3,406,000. JTC Employer Solutions Trustee Ltd acquired a new position in Sirius XM during the 3rd quarter worth $434,000. Blue Trust Inc. grew its stake in Sirius XM by 113.6% during the 3rd quarter. Blue Trust Inc. now owns 3,644 shares of the company’s stock worth $86,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in Sirius XM by 2,004.6% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 35,610 shares of the company’s stock worth $842,000 after buying an additional 33,918 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Stock Down 0.5 %

SIRI opened at $25.81 on Thursday. The business has a 50 day moving average price of $23.41 and a two-hundred day moving average price of $26.11. 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 cap of $8.74 billion, a PE ratio of -4.03, a P/E/G ratio of 0.82 and a beta of 1.06. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $49.40.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS 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%. As a group, research analysts anticipate that Sirius XM Holdings Inc. will post 3.17 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.18%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio is presently -16.85%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Wells Fargo & Company decreased their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Rosenblatt Securities decreased their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Guggenheim decreased their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Bank of America reaffirmed an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a report on Thursday, October 24th. Six investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.96.

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.