Norges Bank Purchases New Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Norges Bank acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,239,874 shares of the company’s stock, valued at approximately $28,269,000. Norges Bank owned about 0.37% of Sirius XM as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SIRI. Check Capital Management Inc. CA raised its stake in shares of Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after purchasing an additional 981,517 shares during the period. Capital Management Corp VA purchased a new stake in shares of Sirius XM in the fourth quarter worth about $11,339,000. FMR LLC lifted its stake in Sirius XM by 472.6% in the 3rd quarter. FMR LLC now owns 497,514 shares of the company’s stock worth $11,766,000 after purchasing an additional 410,621 shares in the last quarter. Seizert Capital Partners LLC raised its position in shares of Sirius XM by 16.3% in the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock worth $51,747,000 after buying an additional 317,289 shares in the last quarter. Finally, Aequim Alternative Investments LP bought a new stake in shares of Sirius XM during the 3rd quarter valued at about $6,932,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of SIRI opened at $19.51 on Monday. Sirius XM Holdings Inc. has a twelve month low of $19.01 and a twelve month high of $41.60. The firm has a 50 day moving average of $23.91 and a 200 day moving average of $24.43. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.61 billion, a P/E ratio of -3.04, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS 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%. As a group, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is currently -16.85%.

Analyst Ratings Changes

SIRI has been the subject of a number of research analyst reports. Barrington Research set a $28.00 price objective on shares of Sirius XM in a report on Friday, January 31st. Morgan Stanley dropped their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Rosenblatt Securities reduced their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Guggenheim reduced their target price on 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, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.81.

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.