MBA Advisors LLC Makes New Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

MBA Advisors LLC acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, Holdings Channel reports. The firm acquired 10,000 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after buying an additional 58,993 shares during the period. Ninety One UK Ltd acquired a new position in shares of Sirius XM during the fourth quarter worth approximately $4,038,000. State of Alaska Department of Revenue lifted its holdings in shares of Sirius XM by 21.2% in the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after purchasing an additional 41,000 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Sirius XM in the 4th quarter valued at $268,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Sirius XM by 383,152.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 137,971 shares of the company’s stock valued at $3,146,000 after purchasing an additional 137,935 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Down 1.8 %

Sirius XM stock opened at $25.44 on Monday. The firm has a 50 day moving average price of $23.47 and a 200-day moving average price of $26.38. 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 twelve month low of $20.47 and a twelve month high of $50.90. The company has a market capitalization of $8.62 billion, a P/E ratio of -3.97, a P/E/G ratio of 0.82 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last announced 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%. As a group, equities analysts predict that Sirius XM Holdings Inc. will post 3.17 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SIRI. Guggenheim dropped their price objective 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. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Sirius XM in a research report on Thursday, January 30th. Wells Fargo & Company decreased their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Rosenblatt Securities decreased their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, StockNews.com assumed coverage on Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. 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. Based on data from MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and an average target price 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.