Oakworth Capital Inc. Takes $115,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Oakworth Capital Inc. acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,030 shares of the company’s stock, valued at approximately $115,000.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in Sirius XM by 37.2% in the second quarter. The Manufacturers Life Insurance Company now owns 282,600 shares of the company’s stock valued at $800,000 after buying an additional 76,552 shares in the last quarter. Handelsbanken Fonder AB lifted its position in Sirius XM by 23.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 49,453 shares of the company’s stock valued at $1,170,000 after acquiring an additional 9,542 shares in the last quarter. Mendota Financial Group LLC acquired a new position in Sirius XM in the 3rd quarter worth $754,000. R.H. Dinel Investment Counsel Inc. acquired a new position in Sirius XM in the 3rd quarter worth $1,545,000. Finally, Bfsg LLC increased its holdings in Sirius XM by 35.3% during the 3rd quarter. Bfsg LLC now owns 4,735 shares of the company’s stock worth $112,000 after purchasing an additional 1,235 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Sirius XM in a research report on Thursday, January 30th. Bank of America reiterated an “underperform” rating and issued a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Pivotal Research reduced their target price on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Guggenheim lowered their price target on shares of 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 analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.96.

Sirius XM Trading Up 0.5 %

Sirius XM stock opened at $25.91 on Friday. The stock has a 50-day simple moving average of $23.51 and a 200 day simple moving average of $26.53. The stock has a market capitalization of $8.78 billion, a P/E ratio of -4.04, a PEG ratio of 1.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $51.60.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Analysts expect that Sirius XM Holdings Inc. will post 2.98 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio is presently -16.85%.

Sirius XM 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.