Aire Advisors LLC Buys 45,316 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Aire Advisors LLC raised its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 150.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,398 shares of the company’s stock after buying an additional 45,316 shares during the quarter. Aire Advisors LLC’s holdings in Sirius XM were worth $1,719,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SIRI. Check Capital Management Inc. CA increased its holdings in shares of Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after buying an additional 981,517 shares during the last quarter. Whitebox Advisors LLC raised its position in Sirius XM by 310.5% during the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after purchasing an additional 890,048 shares during the period. Wittenberg Investment Management Inc. lifted its stake in shares of Sirius XM by 161.1% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after purchasing an additional 782,678 shares during the last quarter. Capital Management Corp VA purchased a new position in Sirius XM during the fourth quarter worth $11,339,000. Finally, Swiss National Bank bought a new position in Sirius XM during the 3rd quarter valued at about $10,219,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Up 2.0 %

Shares of SIRI opened at $23.95 on Tuesday. 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 firm has a 50-day moving average price of $23.82 and a 200 day moving average price of $24.62. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60. The firm has a market capitalization of $8.11 billion, a P/E ratio of -3.74, a P/E/G ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last announced its quarterly 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 negative net margin of 24.03% and a positive return on equity of 13.44%. Sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders 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 dividend yield of 4.51%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio is presently -16.85%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Rosenblatt Securities cut their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Guggenheim decreased their target price 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. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Barrington Research set a $28.00 price target on Sirius XM in a research report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.81.

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.