Jones Financial Companies Lllp Has $286,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Jones Financial Companies Lllp raised its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 191.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,528 shares of the company’s stock after acquiring an additional 8,232 shares during the quarter. Jones Financial Companies Lllp’s holdings in Sirius XM were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SIRI. Wealthspire Advisors LLC lifted its position in Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock valued at $358,000 after acquiring an additional 643 shares in the last quarter. Mill Creek Capital Advisors LLC increased its stake in shares of Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after purchasing an additional 837 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after buying an additional 1,144 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Sirius XM in the 4th quarter valued at about $26,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in Sirius XM by 7.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after purchasing an additional 1,202 shares during the period. 10.69% of the stock is owned by institutional investors.

Sirius XM Trading Down 0.8 %

Shares of Sirius XM stock opened at $22.52 on Thursday. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $41.90. The firm has a market cap of $7.63 billion, a PE ratio of -3.51, a PEG ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a 50 day simple moving average of $23.66 and a two-hundred day simple moving average of $25.15.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data 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 negative net margin of 24.03% and a positive return on equity of 13.44%. Analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is -16.85%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SIRI. StockNews.com initiated coverage on shares of Sirius XM in a report on Wednesday, November 13th. They set a “sell” rating for the company. Rosenblatt Securities decreased their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Guggenheim dropped their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sirius XM presently has a consensus rating of “Hold” and an average target price 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.