Union Bancaire Privee UBP SA Buys New Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Union Bancaire Privee UBP SA acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,190 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its holdings in Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after buying an additional 41,000 shares during the period. Check Capital Management Inc. CA lifted its stake 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 valued at $26,123,000 after purchasing an additional 981,517 shares during the period. Legato Capital Management LLC boosted its position in shares of Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after purchasing an additional 15,342 shares in the last quarter. Franklin Resources Inc. grew its stake in Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after purchasing an additional 58,993 shares during the period. Finally, MBA Advisors LLC bought a new position in Sirius XM in the fourth quarter worth $228,000. 10.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SIRI has been the subject of several analyst reports. Morgan Stanley reduced their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Pivotal Research reduced their price objective on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company reduced their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Barrington Research set a $28.00 price target on shares of Sirius XM in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Six 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Trading Down 2.0 %

Shares of NASDAQ SIRI opened at $24.51 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The business’s 50 day moving average price is $23.43 and its 200-day moving average price is $25.65. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $47.80. The company has a market cap of $8.30 billion, a price-to-earnings ratio of -3.82, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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%. On average, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business 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. This represents a $1.08 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s dividend payout ratio is presently -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.