Focus Partners Wealth Buys Shares of 15,473 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Focus Partners Wealth bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,473 shares of the company’s stock, valued at approximately $371,000.

Other hedge funds have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM during the 4th quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new stake in shares of Sirius XM during the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. grew its holdings in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of Sirius XM by 255.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock valued at $42,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Gables Capital Management Inc. bought a new stake in shares of Sirius XM during the 4th quarter valued at approximately $43,000. 10.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SIRI shares. Seaport Res Ptn raised shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Rosenblatt Securities decreased their price target on shares of Sirius XM from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Morgan Stanley decreased their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Barrington Research reissued an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, May 2nd. Finally, Guggenheim reduced their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.65.

Sirius XM Stock Down 2.9%

Shares of NASDAQ SIRI opened at $21.92 on Thursday. The company has a market capitalization of $7.41 billion, a P/E ratio of -3.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The company’s 50 day moving average price is $21.57 and its 200-day moving average price is $23.40.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.93%. Sirius XM’s dividend payout ratio (DPR) is currently -16.56%.

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.