Mill Creek Capital Advisors LLC Has $348,000 Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Mill Creek Capital Advisors LLC increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,273 shares of the company’s stock after purchasing an additional 837 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Sirius XM were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Coston McIsaac & Partners increased its position 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 valued at $27,000 after buying an additional 624 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Sirius XM in the fourth quarter valued at about $26,000. TCTC Holdings LLC bought a new stake in shares of Sirius XM in the third quarter worth about $29,000. Geneos Wealth Management Inc. increased its stake in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its holdings in Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after buying an additional 1,315 shares during the period. Institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

SIRI has been the subject of a number of research analyst reports. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Guggenheim lowered their target price 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. Bank of America restated an “underperform” rating and issued a $23.00 price objective on shares of Sirius XM in a research note on Thursday, October 24th. Morgan Stanley cut their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Finally, Rosenblatt Securities dropped 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. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.96.

Sirius XM Stock Up 0.3 %

Shares of SIRI opened at $25.94 on Wednesday. The firm has a 50 day simple moving average of $23.44 and a two-hundred day simple moving average of $26.19. The company has a market cap of $8.79 billion, a P/E ratio of -4.05, a P/E/G ratio of 0.82 and a beta of 1.06. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $50.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS 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%. Research analysts forecast that Sirius XM Holdings Inc. will post 3.17 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.27 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.16%. Sirius XM’s payout ratio is currently -16.85%.

Sirius XM 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.