Barings LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 182.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 421,700 shares of the company’s stock after purchasing an additional 272,500 shares during the period. Barings LLC’s holdings in Sirius XM were worth $2,260,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SIRI. Stifel Financial Corp lifted its position in Sirius XM by 6.0% during the 2nd quarter. Stifel Financial Corp now owns 98,209 shares of the company’s stock worth $538,000 after acquiring an additional 5,563 shares during the period. Royal Bank of Canada lifted its position in Sirius XM by 34.9% during the 2nd quarter. Royal Bank of Canada now owns 516,025 shares of the company’s stock worth $2,824,000 after acquiring an additional 133,434 shares during the period. Macquarie Group Ltd. lifted its position in Sirius XM by 476.2% during the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after acquiring an additional 15,200 shares during the period. The Manufacturers Life Insurance Company lifted its position in Sirius XM by 13.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 168,477 shares of the company’s stock worth $922,000 after acquiring an additional 20,156 shares during the period. Finally, Toronto Dominion Bank lifted its position in Sirius XM by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after acquiring an additional 1,799 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.
Sirius XM Holdings Inc. (NASDAQ SIRI) opened at $6.11 on Friday. The stock has a market capitalization of $27,620.00, a PE ratio of 43.64, a PEG ratio of 1.72 and a beta of 1.17. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of -4.42. Sirius XM Holdings Inc. has a fifty-two week low of $4.73 and a fifty-two week high of $6.28.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th will be issued a $0.011 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.72%. Sirius XM’s dividend payout ratio (DPR) is presently 28.57%.
In related news, EVP Joseph A. Verbrugge sold 863,570 shares of Sirius XM stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.10, for a total value of $5,267,777.00. Following the completion of the transaction, the executive vice president now owns 2,986,689 shares in the company, valued at approximately $18,218,802.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James E. Meyer sold 172,704 shares of Sirius XM stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value of $980,958.72. Following the completion of the transaction, the chief executive officer now owns 3,377,085 shares of the company’s stock, valued at approximately $19,181,842.80. The disclosure for this sale can be found here. In the last three months, insiders sold 2,586,530 shares of company stock valued at $15,157,263. Insiders own 1.06% of the company’s stock.
A number of brokerages have commented on SIRI. B. Riley reaffirmed a “buy” rating on shares of Sirius XM in a research report on Wednesday, November 1st. Zacks Investment Research raised Sirius XM from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research report on Wednesday, January 24th. Buckingham Research lifted their price target on Sirius XM from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Pivotal Research reaffirmed a “buy” rating and set a $6.80 price target (up previously from $6.25) on shares of Sirius XM in a research report on Wednesday, October 25th. Finally, Barclays lifted their price target on Sirius XM from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Sirius XM currently has a consensus rating of “Buy” and an average target price of $6.12.
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Sirius XM Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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