Private Advisor Group LLC Buys Shares of 10,375 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Private Advisor Group LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,375 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Alberta Investment Management Corp grew its position in shares of Sirius XM by 2.9% in the 4th quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock worth $29,014,000 after buying an additional 36,300 shares during the last quarter. Bfsg LLC grew its position in shares of Sirius XM by 55.9% in the 4th quarter. Bfsg LLC now owns 7,383 shares of the company’s stock worth $168,000 after buying an additional 2,648 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Sirius XM in the 4th quarter worth approximately $253,000. State of New Jersey Common Pension Fund D grew its position in shares of Sirius XM by 15.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 83,439 shares of the company’s stock worth $1,902,000 after buying an additional 11,243 shares during the last quarter. Finally, Check Capital Management Inc. CA grew its position in shares of Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after buying an additional 981,517 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They issued a “sell” rating on the stock. 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 research note on Thursday, December 19th. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. 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 presently has an average rating of “Hold” and an average price target of $26.81.

Sirius XM Price Performance

Sirius XM stock opened at $23.75 on Friday. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $42.50. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of -3.71, a PEG ratio of 0.79 and a beta of 1.06. The company has a fifty day simple moving average of $23.59 and a 200-day simple moving average of $25.42. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93.

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

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is -16.85%.

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.