177,111 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Bought by Ninety One UK Ltd

Ninety One UK Ltd purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 177,111 shares of the company’s stock, valued at approximately $4,038,000. Ninety One UK Ltd owned approximately 0.05% of Sirius XM at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SIRI. Spire Wealth Management acquired a new position in Sirius XM in the fourth quarter valued at $82,000. Chicago Partners Investment Group LLC increased its stake in Sirius XM by 7.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after purchasing an additional 1,202 shares during the period. Highland Capital Management LLC acquired a new position in Sirius XM in the fourth quarter valued at $319,000. Nilsine Partners LLC acquired a new position in Sirius XM in the fourth quarter valued at $604,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Sirius XM in the fourth quarter valued at $26,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Up 4.8 %

Shares of NASDAQ SIRI opened at $25.79 on Thursday. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $51.80. The company has a market capitalization of $8.74 billion, a PE ratio of -4.02, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm’s 50-day moving average is $23.53 and its two-hundred day moving average is $26.54.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share 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%. Equities analysts anticipate that Sirius XM Holdings Inc. will post 2.98 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Wall Street Analysts Forecast Growth

SIRI has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Pivotal Research lowered their target price on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Morgan Stanley lowered their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $43.00 target price on shares of Sirius XM in a report on Tuesday, October 15th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.96.

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.