Fidelis Capital Partners LLC Grows Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Fidelis Capital Partners LLC lifted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 33.4% during the 4th quarter, HoldingsChannel reports. The fund owned 13,783 shares of the company’s stock after purchasing an additional 3,453 shares during the period. Fidelis Capital Partners LLC’s holdings in Sirius XM were worth $75,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Sirius XM by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 149,557 shares of the company’s stock valued at $989,000 after purchasing an additional 1,845 shares during the period. MetLife Investment Management LLC purchased a new position in shares of Sirius XM during the 1st quarter valued at approximately $115,000. Rhumbline Advisers increased its holdings in Sirius XM by 0.5% in the 1st quarter. Rhumbline Advisers now owns 1,050,105 shares of the company’s stock worth $6,952,000 after acquiring an additional 4,947 shares in the last quarter. Allianz Asset Management GmbH raised its position in Sirius XM by 49.7% during the first quarter. Allianz Asset Management GmbH now owns 47,596 shares of the company’s stock worth $315,000 after acquiring an additional 15,809 shares during the period. Finally, Prudential PLC acquired a new position in Sirius XM during the first quarter worth $293,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Up 1.0 %

Shares of NASDAQ:SIRI opened at $3.09 on Friday. Sirius XM Holdings Inc. has a 52-week low of $3.04 and a 52-week high of $7.95. The stock has a market cap of $11.89 billion, a P/E ratio of 9.66, a PEG ratio of 1.04 and a beta of 1.04. The business has a fifty day moving average of $4.03 and a two-hundred day moving average of $4.65.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.30 billion. On average, equities analysts anticipate that Sirius XM Holdings Inc. will post 0.29 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.0266 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.11 annualized dividend and a dividend yield of 3.44%. Sirius XM’s dividend payout ratio (DPR) is currently 34.38%.

Insider Activity

In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $4.92, for a total value of $3,936,000.00. Following the transaction, the director now directly owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph A. Inzerillo sold 107,611 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the transaction, the insider now owns 746,816 shares of the company’s stock, valued at $3,659,398.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Meyer sold 800,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the completion of the transaction, the director now owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SIRI. Wells Fargo & Company cut their target price on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research note on Monday, April 1st. Citigroup boosted their price objective on Sirius XM from $3.60 to $4.10 and gave the stock a “sell” rating in a research note on Friday, January 12th. StockNews.com initiated coverage on Sirius XM in a research report on Sunday. They issued a “hold” rating on the stock. Guggenheim started coverage on Sirius XM in a research report on Thursday, March 14th. They set a “neutral” rating and a $4.00 price target for the company. Finally, Benchmark lowered their target price on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.74.

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.