10,546 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Purchased by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 10,546 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Hardy Reed LLC acquired a new position in shares of Sirius XM in the fourth quarter valued at approximately $355,000. Handelsbanken Fonder AB boosted its position in Sirius XM by 7.3% in the 4th quarter. Handelsbanken Fonder AB now owns 53,061 shares of the company’s stock valued at $1,210,000 after buying an additional 3,608 shares during the period. Ieq Capital LLC acquired a new position in Sirius XM during the 4th quarter worth $1,541,000. Private Advisor Group LLC purchased a new position in shares of Sirius XM in the 4th quarter valued at about $237,000. Finally, Alberta Investment Management Corp grew its position in shares of Sirius XM by 2.9% during the fourth quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock worth $29,014,000 after buying an additional 36,300 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Down 1.7 %

Shares of NASDAQ SIRI opened at $24.75 on Friday. The business has a 50-day moving average price of $23.34 and a 200 day moving average price of $25.82. The stock has a market cap of $8.38 billion, a PE ratio of -3.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $48.00.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate 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%. Equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.36%. The ex-dividend date is Friday, February 7th. Sirius XM’s payout ratio is currently -16.85%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Rosenblatt Securities reduced their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company lowered their target price 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. Barrington Research restated an “outperform” rating and issued a $30.00 price target on shares of Sirius XM in a research note on Thursday, January 30th. Finally, Morgan Stanley decreased their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.96.

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.