Wealthspire Advisors LLC Increases Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Wealthspire Advisors LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,686 shares of the company’s stock after buying an additional 643 shares during the period. Wealthspire Advisors LLC’s holdings in Sirius XM were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mill Creek Capital Advisors LLC lifted its position in shares of Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock valued at $348,000 after buying an additional 837 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Sirius XM in the 4th quarter valued at $26,000. Chicago Partners Investment Group LLC raised its stake in Sirius XM by 7.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after purchasing an additional 1,202 shares during the last quarter. Finally, TCTC Holdings LLC acquired a new position in Sirius XM in the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Guggenheim reduced their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Pivotal Research reduced their price objective 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 price objective on Sirius XM in a research note on Friday, January 31st. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company cut their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.81.

Sirius XM Stock Down 1.6 %

Shares of NASDAQ:SIRI opened at $24.13 on Thursday. The business has a 50-day moving average price of $23.48 and a 200 day moving average price of $25.64. 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 company has a market capitalization of $8.17 billion, a price-to-earnings ratio of -3.76, a PEG ratio of 0.79 and a beta of 1.06. 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 issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (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%. Sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

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