8,870 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Bought by Optimist Retirement Group LLC

Optimist Retirement Group LLC purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,870 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in Sirius XM by 37.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 282,600 shares of the company’s stock valued at $800,000 after purchasing an additional 76,552 shares during the period. Handelsbanken Fonder AB increased its position in shares of Sirius XM by 23.9% during the third quarter. Handelsbanken Fonder AB now owns 49,453 shares of the company’s stock worth $1,170,000 after buying an additional 9,542 shares during the period. Mendota Financial Group LLC bought a new position in Sirius XM during the third quarter worth $754,000. R.H. Dinel Investment Counsel Inc. acquired a new position in Sirius XM in the third quarter valued at $1,545,000. Finally, Bfsg LLC boosted its position in Sirius XM by 35.3% during the third quarter. Bfsg LLC now owns 4,735 shares of the company’s stock valued at $112,000 after acquiring an additional 1,235 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SIRI shares. Morgan Stanley lowered their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Barrington Research reiterated an “outperform” rating and issued a $30.00 target price on shares of Sirius XM in a report on Thursday, January 30th. Benchmark restated a “buy” rating and set a $43.00 price target on shares of Sirius XM in a report on Tuesday, October 15th. The Goldman Sachs Group lowered their price objective on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Finally, Wells Fargo & Company cut their target price 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. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sirius XM presently has an average rating of “Hold” and a consensus price target of $26.96.

Sirius XM Price Performance

SIRI stock opened at $25.79 on Thursday. The company has a market capitalization of $8.74 billion, a P/E ratio of -4.02, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $51.80. The business has a 50-day simple moving average of $23.53 and a two-hundred day simple moving average of $26.54. 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 (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Research analysts expect that Sirius XM Holdings Inc. will post 2.98 EPS for the current fiscal year.

Sirius XM Announces Dividend

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

Sirius XM Company 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.