Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 75.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,400 shares of the company’s stock after purchasing an additional 64,001 shares during the quarter. Advisors Asset Management Inc.’s holdings in Sirius XM were worth $3,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SIRI. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM during the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. purchased a new position in shares of Sirius XM during the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. grew 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 acquiring an additional 1,144 shares during the last quarter. Gables Capital Management Inc. purchased a new position in shares of Sirius XM during the fourth quarter worth approximately $43,000. Finally, Avior Wealth Management LLC grew 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 acquiring an additional 1,810 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $23.04 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The stock has a market cap of $7.81 billion, a PE ratio of -3.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The firm’s fifty day simple moving average is $23.71 and its 200-day simple moving average is $24.80.

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, 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%. Analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.69%. Sirius XM’s dividend payout ratio is presently -16.85%.

Wall Street Analyst Weigh In

SIRI has been the topic of a number of research reports. Barrington Research set a $28.00 target price on shares of Sirius XM in a research report on Friday, January 31st. Morgan Stanley lowered their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on shares of 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 dropped their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Guggenheim dropped their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and an average target price 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.