AXQ Capital LP Makes New $280,000 Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

AXQ Capital LP bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 12,264 shares of the company’s stock, valued at approximately $280,000.

Several other hedge funds have also recently modified their holdings of the company. Xponance Inc. increased its stake in shares of Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company’s stock worth $281,000 after purchasing an additional 527 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Sirius XM by 4.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock worth $339,000 after purchasing an additional 630 shares during the last quarter. Wealthspire Advisors LLC increased its stake in shares of Sirius XM by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock worth $358,000 after purchasing an additional 643 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock worth $325,000 after purchasing an additional 791 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC increased its stake in shares of Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after purchasing an additional 837 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Rosenblatt Securities decreased their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Barrington Research set a $28.00 price target on shares of Sirius XM in a research note on Friday, January 31st. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. 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 note on Thursday, December 19th. Six 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $26.81.

Sirius XM Stock Up 1.9 %

SIRI opened at $23.47 on Monday. The company has a fifty day moving average price of $23.76 and a 200-day moving average price of $24.66. The firm has a market capitalization of $7.95 billion, a P/E ratio of -3.66, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60.

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

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.60%. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

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.