TD Waterhouse Canada Inc. Boosts Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

TD Waterhouse Canada Inc. grew its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 371.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,608 shares of the company’s stock after buying an additional 4,419 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sirius XM were worth $128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State of Alaska Department of Revenue boosted its position in Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after purchasing an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA grew its position 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 valued at $26,123,000 after buying an additional 981,517 shares during the period. Franklin Resources Inc. increased its holdings 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 buying an additional 58,993 shares during the last quarter. Legato Capital Management LLC raised its position in Sirius XM by 21.9% in 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 period. Finally, MBA Advisors LLC purchased a new position in Sirius XM in the fourth quarter valued at about $228,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 1.5 %

SIRI opened at $21.67 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The firm has a market capitalization of $7.34 billion, a P/E ratio of -3.38, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. The company has a fifty day moving average price of $22.39 and a 200-day moving average price of $24.02.

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

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, May 9th. Sirius XM’s payout ratio is -16.85%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Guggenheim decreased their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Rosenblatt Securities lowered their target price 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. Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. Seaport Res Ptn upgraded Sirius XM from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.81.

Sirius XM Company 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.