Krilogy Financial LLC Invests $557,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Krilogy Financial LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,418 shares of the company’s stock, valued at approximately $557,000.

Several other institutional investors also recently bought and sold shares of SIRI. Coston McIsaac & Partners lifted its holdings in shares of Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after acquiring an additional 624 shares during the last quarter. TCTC Holdings LLC bought a new stake in shares of Sirius XM in the 3rd quarter worth about $29,000. Bfsg LLC lifted its holdings in shares of Sirius XM by 35.3% in the 3rd quarter. Bfsg LLC now owns 4,735 shares of the company’s stock worth $112,000 after acquiring an additional 1,235 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its holdings in shares of Sirius XM by 10.9% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,007 shares of the company’s stock worth $342,000 after acquiring an additional 1,469 shares during the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SIRI shares. Guggenheim reiterated a “buy” rating and set a $30.00 price objective on shares of Sirius XM in a report on Wednesday, December 11th. Benchmark reiterated a “buy” rating and set a $43.00 price objective on shares of Sirius XM in a report on Tuesday, October 15th. Citigroup lifted their price objective on shares of Sirius XM from $2.80 to $21.00 and gave the company a “sell” rating in a report on Thursday, September 26th. 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 report on Thursday, December 19th. Finally, Bank of America reiterated an “underperform” rating and set a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.58.

Sirius XM Stock Up 1.6 %

Shares of Sirius XM stock opened at $22.27 on Monday. The firm’s 50 day moving average price is $24.38 and its 200-day moving average price is $27.72. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $55.40. The company has a market cap of $7.55 billion, a P/E ratio of -3.51, a PEG ratio of 1.05 and a beta of 1.05.

Sirius XM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.85%. This is an increase from Sirius XM’s previous quarterly dividend of $0.27. Sirius XM’s payout ratio is presently -17.03%.

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.