75,655 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 75,655 shares of the company’s stock, valued at approximately $1,725,000.

Several other hedge funds also recently added to or reduced their stakes in SIRI. Union Bancaire Privee UBP SA purchased a new position in Sirius XM in the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. purchased a new position in Sirius XM in the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after buying an additional 1,144 shares during the period. Avior Wealth Management LLC boosted its position in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after buying an additional 1,810 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Sirius XM by 139.8% during the third quarter. Larson Financial Group LLC now owns 3,187 shares of the company’s stock worth $75,000 after buying an additional 1,858 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Down 3.3 %

Shares of NASDAQ SIRI opened at $24.39 on Tuesday. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $42.20. 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 stock has a market cap of $8.26 billion, a P/E ratio of -3.80, a PEG ratio of 0.79 and a beta of 1.06. The business’s fifty day simple moving average is $23.67 and its 200-day simple moving average is $25.23.

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

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s dividend payout ratio is presently -16.85%.

Analyst Ratings Changes

Several research firms have recently commented on SIRI. Rosenblatt Securities lowered their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Barrington Research set a $28.00 price target on Sirius XM in a research report on Friday, January 31st. Morgan Stanley lowered their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Finally, StockNews.com began coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating for the company. 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 company’s stock. Based on data from MarketBeat, the company currently has an average 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.