Sequoia Financial Advisors LLC Invests $372,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sequoia Financial Advisors LLC purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,297 shares of the company’s stock, valued at approximately $372,000.

A number of other hedge funds have also bought and sold shares of SIRI. Union Bancaire Privee UBP SA purchased a new stake in shares of Sirius XM during the 4th quarter valued at $26,000. First Command Advisory Services Inc. bought a new position in Sirius XM during the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. increased its holdings in Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after buying an additional 1,144 shares during the last quarter. Gables Capital Management Inc. purchased a new position in Sirius XM in the fourth quarter valued at about $43,000. Finally, Avior Wealth Management LLC grew its position 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 valued at $47,000 after acquiring an additional 1,810 shares during the period. 10.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Barrington Research set a $28.00 price objective on Sirius XM in a research note on Friday, January 31st. Finally, Rosenblatt Securities cut their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Stock Performance

NASDAQ SIRI opened at $22.63 on Wednesday. The company’s 50 day simple moving average is $23.65 and its two-hundred day simple moving average is $24.83. 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 1 year low of $20.47 and a 1 year high of $41.60. The stock has a market capitalization of $7.67 billion, a PE ratio of -3.53, a P/E/G ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) 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 predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is -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.