Boston Partners Acquires 8,239 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Boston Partners lifted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 32.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,620 shares of the company’s stock after purchasing an additional 8,239 shares during the period. Boston Partners’ holdings in Sirius XM were worth $767,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SIRI. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM during the fourth quarter worth $26,000. First Command Advisory Services Inc. bought a new stake in shares of Sirius XM during the fourth quarter worth $30,000. Geneos Wealth Management Inc. lifted its stake in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the period. Gables Capital Management Inc. acquired a new position in shares of Sirius XM during the fourth quarter valued at $43,000. Finally, Avior Wealth Management LLC lifted its stake in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after acquiring an additional 1,810 shares during the period. Institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Up 1.9 %

NASDAQ SIRI opened at $23.47 on Friday. The firm has a market cap of $7.95 billion, a P/E ratio of -3.66, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The stock’s 50-day moving average is $23.76 and its 200-day moving average is $24.69. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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%. Sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley cut their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Rosenblatt Securities cut their price target 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, Guggenheim cut their target price 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. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Sirius XM has a consensus rating of “Hold” and a consensus target price of $26.81.

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.