Oppenheimer & Co. Inc. Raises Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Oppenheimer & Co. Inc. grew its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 58.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,618 shares of the company’s stock after buying an additional 18,720 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sirius XM were worth $1,154,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its holdings in Sirius XM by 21.2% during the 4th 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 last quarter. Check Capital Management Inc. CA lifted its holdings in Sirius XM by 597.7% during 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. Legato Capital Management LLC lifted its holdings in Sirius XM by 21.9% during the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock worth $1,949,000 after buying an additional 15,342 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after buying an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC bought a new position in Sirius XM during the 4th quarter worth approximately $228,000. Institutional investors own 10.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on SIRI. Morgan Stanley reduced their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. 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 cut their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Wells Fargo & Company cut their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. 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. Based on data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Stock Down 1.6 %

SIRI opened at $23.65 on Wednesday. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $42.50. 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 stock has a market cap of $8.01 billion, a P/E ratio of -3.69, a P/E/G ratio of 0.79 and a beta of 1.06. The stock’s 50 day moving average price is $23.59 and its 200 day moving average price is $25.45.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate 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 predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) 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.