Farther Finance Advisors LLC Purchases New Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Farther Finance Advisors LLC acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,842 shares of the company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Natixis Advisors LLC bought a new stake in shares of Sirius XM in the 3rd quarter worth about $1,029,000. Thrivent Financial for Lutherans acquired a new stake in Sirius XM during the third quarter valued at approximately $1,637,000. Swiss National Bank bought a new position in Sirius XM during the 3rd quarter worth approximately $10,219,000. Quest Partners LLC acquired a new position in shares of Sirius XM in the 3rd quarter worth approximately $391,000. Finally, Commerce Bank acquired a new position in shares of Sirius XM in the 3rd quarter worth approximately $420,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SIRI shares. Morgan Stanley dropped their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Barrington Research set a $28.00 price objective on Sirius XM in a research note on Friday, January 31st. Wells Fargo & Company dropped their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Finally, Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Stock Performance

Shares of SIRI stock opened at $23.47 on Friday. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of -3.66, a PEG ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $41.60. The company has a 50-day simple moving average of $23.76 and a 200 day simple moving average of $24.69.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

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.