14,000 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by Highland Capital Management LLC

Highland Capital Management LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,000 shares of the company’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. grew its position in Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after acquiring an additional 58,993 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Sirius XM during the 4th quarter valued at $268,000. MassMutual Private Wealth & Trust FSB raised its position in Sirius XM by 383,152.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 137,971 shares of the company’s stock worth $3,146,000 after purchasing an additional 137,935 shares during the period. Brighton Jones LLC bought a new stake in Sirius XM in the fourth quarter worth $622,000. Finally, Janus Henderson Group PLC purchased a new stake in Sirius XM during the third quarter valued at about $2,367,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

SIRI opened at $24.01 on Friday. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of -3.79, a PEG ratio of 1.11 and a beta of 1.05. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $53.50. The business’s fifty day simple moving average is $23.66 and its 200-day simple moving average is $26.94.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 68.38% and a negative net margin of 23.02%. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post -6 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio is currently -17.03%.

Analyst Ratings Changes

Several brokerages recently weighed in on SIRI. Guggenheim dropped 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. Morgan Stanley dropped their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Rosenblatt Securities lifted their target price on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Barrington Research reiterated an “outperform” rating and set a $30.00 price target on shares of Sirius XM in a report on Thursday. Finally, Bank of America reissued an “underperform” rating and issued a $23.00 price target on shares of Sirius XM in a report on Thursday, October 24th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.35.

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.