Toroso Investments LLC Acquires 16,920 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Toroso Investments LLC boosted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Rating) by 8.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 207,373 shares of the company’s stock after acquiring an additional 16,920 shares during the quarter. Toroso Investments LLC’s holdings in Sirius XM were worth $1,184,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Coston McIsaac & Partners purchased a new stake in shares of Sirius XM during the second quarter valued at about $28,000. Harbor Investment Advisory LLC lifted its position in Sirius XM by 446.0% during the third quarter. Harbor Investment Advisory LLC now owns 5,460 shares of the company’s stock valued at $31,000 after acquiring an additional 4,460 shares during the last quarter. TimeScale Financial Inc. boosted its stake in Sirius XM by 510.7% in the third quarter. TimeScale Financial Inc. now owns 6,400 shares of the company’s stock valued at $37,000 after acquiring an additional 5,352 shares in the last quarter. TD Capital Management LLC purchased a new position in Sirius XM in the third quarter worth $51,000. Finally, Integrated Advisors Network LLC acquired a new position in shares of Sirius XM during the second quarter worth $63,000. Institutional investors own 10.10% of the company’s stock.

Sirius XM Trading Up 0.8 %

SIRI opened at $3.64 on Friday. The firm has a 50 day moving average of $4.92 and a two-hundred day moving average of $5.68. The firm has a market capitalization of $14.16 billion, a PE ratio of 12.13, a P/E/G ratio of 2.07 and a beta of 0.96. Sirius XM Holdings Inc. has a 12-month low of $3.43 and a 12-month high of $6.85.

Sirius XM (NASDAQ:SIRI – Get Rating) last issued its earnings results on Thursday, February 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Sirius XM had a net margin of 13.48% and a negative return on equity of 35.45%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share. As a group, analysts predict that Sirius XM Holdings Inc. will post 0.31 EPS for the current fiscal year.

Sirius XM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Thursday, February 9th were paid a $0.0242 dividend. This is an increase from Sirius XM’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, February 8th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.66%. Sirius XM’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several research analysts recently weighed in on SIRI shares. Deutsche Bank Aktiengesellschaft dropped their target price on Sirius XM from $7.50 to $6.25 and set a “buy” rating on the stock in a research note on Monday, February 6th. Pivotal Research cut their price objective on shares of Sirius XM from $6.75 to $5.00 and set a “hold” rating on the stock in a report on Thursday, February 9th. Barrington Research reiterated an “outperform” rating and issued a $7.00 target price (down from $7.50) on shares of Sirius XM in a research note on Tuesday, February 7th. Morgan Stanley dropped their target price on shares of Sirius XM from $6.00 to $5.40 and set an “underweight” rating on the stock in a research report on Friday, February 3rd. Finally, Bank of America cut shares of Sirius XM from a “buy” rating to a “neutral” rating in a report on Thursday, February 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.77.

Sirius XM Profile

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Sirius XM Holdings, Inc engages in the provision of audio entertainment. It operates through Sirius XM and Pandora and Off-Platform segments. The company was founded on May 17, 1990, and is headquartered in New York, NY.