24,847 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) during the third quarter, Holdings Channel.com reports. The firm purchased 24,847 shares of the company’s stock, valued at approximately $112,000.

Other hedge funds have also modified their holdings of the company. ING Groep NV acquired a new position in Sirius XM during the third quarter worth $2,110,000. CWM LLC boosted its holdings in Sirius XM by 4.0% during the second quarter. CWM LLC now owns 103,142 shares of the company’s stock valued at $467,000 after acquiring an additional 3,971 shares during the period. Ieq Capital LLC boosted its holdings in Sirius XM by 10.9% during the third quarter. Ieq Capital LLC now owns 33,579 shares of the company’s stock valued at $152,000 after acquiring an additional 3,301 shares during the period. Bank of Nova Scotia boosted its holdings in Sirius XM by 3.9% during the second quarter. Bank of Nova Scotia now owns 120,045 shares of the company’s stock valued at $544,000 after acquiring an additional 4,548 shares during the period. Finally, US Bancorp DE boosted its holdings in Sirius XM by 20.1% during the second quarter. US Bancorp DE now owns 37,123 shares of the company’s stock valued at $168,000 after acquiring an additional 6,218 shares during the period. 10.50% of the stock is owned by institutional investors and hedge funds.

Sirius XM Trading Down 0.6 %

NASDAQ SIRI opened at $5.14 on Tuesday. The stock’s 50 day moving average is $5.23 and its two-hundred day moving average is $4.81. The company has a market capitalization of $19.75 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.68 and a beta of 1.09. Sirius XM Holdings Inc. has a 1-year low of $3.32 and a 1-year high of $7.95.

Sirius XM (NASDAQ:SIRIGet Free Report) last announced its earnings results on Thursday, February 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.30 billion. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. On average, analysts predict that Sirius XM Holdings Inc. will post 0.3 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a $0.0266 dividend. This represents a $0.11 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, February 8th. Sirius XM’s payout ratio is currently 34.38%.

Analysts Set New Price Targets

SIRI has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “underweight” rating and set a $4.50 price target (down from $5.00) on shares of Sirius XM in a report on Tuesday, January 23rd. Citigroup lifted their target price on Sirius XM from $3.60 to $4.10 and gave the stock a “sell” rating in a research report on Friday, January 12th. Seaport Res Ptn downgraded Sirius XM from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Benchmark reissued a “buy” rating and set a $7.00 target price on shares of Sirius XM in a research report on Wednesday, December 13th. Finally, StockNews.com started coverage on Sirius XM in a research report on Thursday, February 1st. They set a “hold” rating on the stock. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Sirius XM currently has an average rating of “Hold” and a consensus price target of $4.98.

View Our Latest Stock Report on Sirius XM

About Sirius XM

(Free Report)

Sirius XM Holdings Inc, an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company's Sirius XM segment provides music, sports, entertainment, comedy, 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 system and streamed via applications for mobile and home devices, and other consumer electronic equipment.

See Also

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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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