Ieq Capital LLC Acquires Shares of 67,579 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Ieq Capital LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, HoldingsChannel reports. The fund bought 67,579 shares of the company’s stock, valued at approximately $1,541,000.

A number of other hedge funds also recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after purchasing an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA boosted its stake in Sirius XM by 597.7% in the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after buying an additional 981,517 shares in the last quarter. Legato Capital Management LLC lifted its stake in Sirius XM by 21.9% in the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after purchasing an additional 15,342 shares during the last quarter. Franklin Resources Inc. lifted its stake in Sirius XM by 209.1% in the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after purchasing an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC acquired a new stake in Sirius XM in the fourth quarter valued at approximately $228,000. Institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SIRI shares. Pivotal Research dropped their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barrington Research set a $28.00 target price on Sirius XM in a research report on Friday, January 31st. Guggenheim reduced their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Rosenblatt Securities lowered their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Trading Up 1.0 %

SIRI opened at $25.00 on Tuesday. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $47.80. The company has a fifty day moving average of $23.39 and a 200-day moving average of $25.70. The stock has a market cap of $8.47 billion, a PE ratio of -3.90, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. 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 issued 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, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.32%. Sirius XM’s payout ratio is currently -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.