Proficio Capital Partners LLC Raises Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Proficio Capital Partners LLC grew its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 259.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,375 shares of the company’s stock after purchasing an additional 34,908 shares during the period. Proficio Capital Partners LLC’s holdings in Sirius XM were worth $1,103,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Sessa Capital IM L.P. bought a new position in shares of Sirius XM in the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Sirius XM in the 3rd quarter valued at about $67,598,000. Seizert Capital Partners LLC bought a new position in shares of Sirius XM in the 3rd quarter valued at about $46,173,000. Check Capital Management Inc. CA lifted its holdings 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 valued at $26,123,000 after acquiring an additional 981,517 shares during the last quarter. Finally, Whitebox Advisors LLC lifted its holdings in shares of Sirius XM by 310.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after acquiring an additional 890,048 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

SIRI has been the subject of a number of analyst reports. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. 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. 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 note on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Finally, Barrington Research set a $28.00 price objective on shares of Sirius XM in a research note on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Stock Performance

Sirius XM stock opened at $25.23 on Friday. The company has a market capitalization of $8.55 billion, a PE ratio of -3.94, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a 50 day moving average price of $23.64 and a 200-day moving average price of $25.38. 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 fifty-two week low of $20.47 and a fifty-two week high of $42.40.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The firm 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 yield of 4.28%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s payout ratio is -16.85%.

About Sirius XM

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.