Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC boosted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,258 shares of the company’s stock after buying an additional 791 shares during the period. Proficio Capital Partners LLC’s holdings in Sirius XM were worth $325,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in shares of Sirius XM by 21.2% during the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after acquiring an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA boosted its holdings in Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after purchasing an additional 981,517 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of 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 buying an additional 15,342 shares during the period. Franklin Resources Inc. increased its holdings in shares of Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after buying an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC purchased a new stake in shares of Sirius XM during the 4th quarter valued at approximately $228,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Price Performance

Sirius XM stock opened at $24.24 on Wednesday. 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 Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $41.60. The firm has a market cap 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. The company’s 50 day moving average is $23.88 and its two-hundred day moving average is $24.60.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s payout ratio is presently -16.85%.

Analyst Ratings Changes

Several research analysts 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. Rosenblatt Securities lowered their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Guggenheim reduced their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company lowered their target price 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. Finally, Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sirius XM has an average rating of “Hold” and a consensus target price of $26.81.

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.