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

Allegiance Financial Group Advisory Services LLC grew its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 20.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,018 shares of the company’s stock after acquiring an additional 2,052 shares during the quarter. Allegiance Financial Group Advisory Services LLC’s holdings in Sirius XM were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sessa Capital IM L.P. acquired a new stake in shares of Sirius XM in the 3rd quarter worth $77,983,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Sirius XM during the 3rd quarter worth about $67,598,000. Seizert Capital Partners LLC acquired a new stake in shares of Sirius XM during the 3rd quarter worth about $46,173,000. Alberta Investment Management Corp increased its position in shares of Sirius XM by 2.9% during the 4th quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock worth $29,014,000 after purchasing an additional 36,300 shares during the last quarter. Finally, Wittenberg Investment Management Inc. increased its position in shares of Sirius XM by 161.1% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock worth $30,000,000 after purchasing an additional 782,678 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Trading Down 1.6 %

NASDAQ:SIRI opened at $24.13 on Thursday. The firm has a market cap of $8.17 billion, a P/E ratio of -3.76, a PEG ratio of 0.79 and a beta of 1.06. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock’s 50 day simple moving average is $23.48 and its 200-day simple moving average is $25.64. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $47.45.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.48%. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Wall Street Analyst Weigh In

SIRI has been the subject of a number of recent analyst reports. Morgan Stanley cut 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. StockNews.com initiated coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating for the company. Wells Fargo & Company cut their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Guggenheim lowered their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their target price on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.81.

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.