2,327 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,327 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new position in Sirius XM in the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new position in Sirius XM in the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. grew its stake in Sirius XM by 574.9% in the fourth 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. Gables Capital Management Inc. bought a new stake in Sirius XM during the 4th quarter valued at $43,000. Finally, Avior Wealth Management LLC boosted its position in Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after acquiring an additional 1,810 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

SIRI has been the topic of several recent research reports. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company dropped their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Guggenheim dropped their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley dropped their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Rosenblatt Securities dropped their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Stock Performance

Shares of SIRI stock opened at $23.47 on Friday. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of -3.66, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The business has a fifty day moving average of $23.76 and a 200 day moving average of $24.69. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $41.60.

Sirius XM (NASDAQ:SIRI) last issued its earnings results 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%. As a group, research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.60%. Sirius XM’s payout ratio is currently -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.