85,000 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Purchased by Cibc World Markets Corp

Cibc World Markets Corp purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 85,000 shares of the company’s stock, valued at approximately $1,938,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in shares of Sirius XM by 21.2% during 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 last quarter. Check Capital Management Inc. CA grew its holdings in shares of Sirius XM by 597.7% during the fourth 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 grew its holdings 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 worth $1,949,000 after buying an additional 15,342 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Sirius XM by 209.1% during the third 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 purchased a new position in shares of Sirius XM during the fourth quarter worth about $228,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

SIRI has been the subject of a number of recent analyst reports. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Rosenblatt Securities reduced their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Guggenheim reduced their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley reduced their price objective on shares of 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, 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 report on Thursday, December 19th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Trading Up 1.9 %

Shares of SIRI opened at $23.47 on Friday. 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 firm has a 50 day simple moving average of $23.76 and a 200-day simple moving average of $24.74. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $41.60. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of -3.66, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data 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%. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.60%. Sirius XM’s payout ratio is currently -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.