Blueshift Asset Management LLC Grows Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Blueshift Asset Management LLC grew its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 30.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,820 shares of the company’s stock after purchasing an additional 3,193 shares during the period. Blueshift Asset Management LLC’s holdings in Sirius XM were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SIRI. Sessa Capital IM L.P. purchased a new position in Sirius XM in the third quarter valued at about $77,983,000. Seizert Capital Partners LLC grew its position in shares of Sirius XM by 16.3% during the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock worth $51,747,000 after buying an additional 317,289 shares in the last quarter. Alberta Investment Management Corp increased its stake in shares of Sirius XM by 2.9% in the fourth quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock worth $29,014,000 after buying an additional 36,300 shares during the last quarter. Wittenberg Investment Management Inc. raised its holdings in Sirius XM by 161.1% in the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after acquiring an additional 782,678 shares in the last quarter. Finally, Whitebox Advisors LLC boosted its stake in Sirius XM by 310.5% during the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after acquiring an additional 890,048 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim cut their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Rosenblatt Securities reduced their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Performance

SIRI opened at $23.47 on Friday. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $41.60. The stock has a market cap of $7.95 billion, a PE ratio of -3.66, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The business’s 50 day moving average is $23.76 and its 200-day moving average is $24.74. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI) last announced its earnings results 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%. On average, analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.60%. Sirius XM’s dividend payout ratio is presently -16.85%.

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.