Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 433,585 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Swiss National Bank owned about 0.13% of Sirius XM worth $9,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after acquiring an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA increased its stake in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after acquiring an additional 981,517 shares during the last quarter. Legato Capital Management LLC increased its stake in Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock worth $1,949,000 after acquiring an additional 15,342 shares during the last quarter. Franklin Resources Inc. increased its stake in Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after acquiring an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC acquired a new stake in Sirius XM during the fourth quarter worth $228,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Up 1.9 %

Shares of NASDAQ SIRI opened at $23.47 on Friday. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of -3.66, a price-to-earnings-growth 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 business has a 50-day moving average of $23.76 and a two-hundred day moving average of $24.74. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $41.60.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (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%. On average, analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on SIRI. Barrington Research set a $28.00 target price on Sirius XM in a research note on Friday, January 31st. Rosenblatt Securities dropped their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Morgan Stanley dropped their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Finally, Guggenheim dropped their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.