Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,856 shares of the company’s stock after acquiring an additional 630 shares during the period. PNC Financial Services Group Inc.’s holdings in Sirius XM were worth $339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Edgestream Partners L.P. bought a new stake in shares of Sirius XM in the 4th quarter worth about $1,725,000. Arizona State Retirement System increased its position in shares of Sirius XM by 37.1% in the 4th quarter. Arizona State Retirement System now owns 63,963 shares of the company’s stock worth $1,458,000 after purchasing an additional 17,325 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Sirius XM by 5.9% in the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock worth $325,000 after purchasing an additional 791 shares during the last quarter. Seizert Capital Partners LLC increased its position in shares of Sirius XM by 16.3% in the 4th quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock worth $51,747,000 after purchasing an additional 317,289 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Sirius XM in the 4th quarter worth about $946,000. Institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SIRI shares. Guggenheim lowered their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Rosenblatt Securities lowered their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. 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. Morgan Stanley lowered their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Trading Up 1.9 %

Shares of NASDAQ:SIRI opened at $23.47 on Friday. The company has a 50 day moving average of $23.76 and a 200-day moving average of $24.74. The firm has a market cap of $7.95 billion, a P/E ratio of -3.66, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $41.60. The company has a current ratio of 0.42, a quick 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 negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s dividend payout ratio is presently -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.