Weaver C. Barksdale & Associates Inc. Makes New Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Weaver C. Barksdale & Associates Inc. purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 50,309 shares of the company’s stock, valued at approximately $1,148,000.

A number of other hedge funds and other institutional investors have also made changes to their positions 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 shares of Sirius XM during the 4th quarter worth $30,000. Geneos Wealth Management Inc. increased its position in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after purchasing an additional 1,144 shares during the last quarter. Gables Capital Management Inc. purchased a new stake in Sirius XM in the 4th quarter valued at about $43,000. Finally, Avior Wealth Management LLC lifted its position in Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after buying an additional 1,810 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Sirius XM stock opened at $24.24 on Wednesday. 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 company has a fifty day simple moving average of $23.88 and a 200-day simple moving average of $24.60. The stock has a market cap of $8.21 billion, a P/E ratio of -3.78, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping 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%. Equities analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is -16.85%.

Wall Street Analyst Weigh In

SIRI has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price target 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. Morgan Stanley cut their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. 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 target price on Sirius XM in a research note on Friday, January 31st. Finally, Guggenheim dropped their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Company 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.