Susquehanna Fundamental Investments LLC Buys New Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 135,291 shares of the company’s stock, valued at approximately $3,085,000.

Other large investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM in the 4th quarter valued at about $26,000. First Command Advisory Services Inc. acquired a new position in Sirius XM during the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. raised its stake in Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after buying an additional 1,144 shares during the period. Gables Capital Management Inc. acquired a new stake in shares of Sirius XM in the fourth quarter valued at approximately $43,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Sirius XM by 670.4% during the 4th 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 period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Trading Down 0.2 %

Shares of Sirius XM stock opened at $21.73 on Wednesday. The firm’s 50-day moving average price is $22.26 and its two-hundred day moving average price is $23.98. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of -3.39, a PEG ratio of 0.79 and a beta of 0.98. 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 12-month low of $18.69 and a 12-month high of $41.60.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast 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 will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.97%. Sirius XM’s dividend payout ratio is currently -16.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Rosenblatt Securities cut their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Morgan Stanley reduced their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Seaport Res Ptn raised shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Barrington Research set a $28.00 price objective on Sirius XM in a report on Friday, January 31st. Finally, Guggenheim lowered their target price on 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 equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.81.

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.