HighTower Advisors LLC Boosts Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

HighTower Advisors LLC increased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,102 shares of the company’s stock after buying an additional 15,286 shares during the quarter. HighTower Advisors LLC’s holdings in Sirius XM were worth $1,279,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM during the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new position in Sirius XM during the fourth quarter worth $30,000. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after buying an additional 1,144 shares during the period. Gables Capital Management Inc. acquired a new stake in shares of Sirius XM in the fourth quarter valued at $43,000. Finally, Avior Wealth Management LLC lifted its position in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after purchasing an additional 1,810 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SIRI shares. Rosenblatt Securities cut their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Guggenheim dropped their target price 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. Wells Fargo & Company decreased their price target 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. Morgan Stanley cut 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 report on Thursday, January 23rd. Finally, Barrington Research set a $28.00 price target on Sirius XM in a report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Trading Up 1.2 %

NASDAQ:SIRI opened at $24.24 on Wednesday. The company has a market capitalization of $8.21 billion, a PE ratio of -3.78, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $41.60. The stock has a fifty day simple moving average of $23.88 and a 200-day simple moving average of $24.60. 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 quarterly earnings results 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 positive return on equity of 13.44% and a negative net margin of 24.03%. On average, equities research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.46%. Sirius XM’s dividend payout ratio is currently -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.