HighPoint Advisor Group LLC Invests $93,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

HighPoint Advisor Group LLC purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,988 shares of the company’s stock, valued at approximately $93,000.

Other institutional investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc increased its stake in shares of Sirius XM by 315.6% in the fourth quarter. Berkshire Hathaway Inc now owns 40,243,058 shares of the company’s stock valued at $220,130,000 after buying an additional 30,559,834 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Sirius XM by 482.9% in the third quarter. AQR Capital Management LLC now owns 14,641,104 shares of the company’s stock worth $66,178,000 after acquiring an additional 12,129,166 shares during the last quarter. Cadian Capital Management LP acquired a new position in shares of Sirius XM during the third quarter worth approximately $8,929,000. Northern Trust Corp grew its stake in shares of Sirius XM by 18.7% during the third quarter. Northern Trust Corp now owns 11,256,094 shares of the company’s stock valued at $50,878,000 after purchasing an additional 1,776,700 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Sirius XM by 24.1% during the third quarter. Invesco Ltd. now owns 8,671,095 shares of the company’s stock valued at $39,193,000 after purchasing an additional 1,685,696 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Insider Buying and Selling

In other Sirius XM news, Director Kristina Salen sold 12,518 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $2.60, for a total transaction of $32,546.80. Following the completion of the transaction, the director now owns 169,309 shares of the company’s stock, valued at approximately $440,203.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.79% of the stock is owned by corporate insiders.

Sirius XM Stock Performance

NASDAQ SIRI opened at $2.93 on Friday. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.95 and a beta of 1.08. The business has a 50 day simple moving average of $2.90 and a 200 day simple moving average of $4.09. Sirius XM Holdings Inc. has a 52-week low of $2.45 and a 52-week high of $7.95.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, analysts predict that Sirius XM Holdings Inc. will post 0.31 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th were given a dividend of $0.0266 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.11 annualized dividend and a dividend yield of 3.63%. Sirius XM’s dividend payout ratio is currently 30.30%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Guggenheim started coverage on Sirius XM in a research report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price objective on the stock. Barrington Research reiterated an “outperform” rating and issued a $4.75 price objective on shares of Sirius XM in a research report on Tuesday, May 28th. StockNews.com began coverage on shares of Sirius XM in a research report on Sunday, June 16th. They set a “hold” rating on the stock. Wells Fargo & Company lowered their price target on shares of Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Wednesday, May 1st. Finally, Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and cut their price objective for the company from $5.05 to $4.90 in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.33.

Sirius XM 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.