Bfsg LLC Grows Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Bfsg LLC raised its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 55.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,383 shares of the company’s stock after acquiring an additional 2,648 shares during the quarter. Bfsg LLC’s holdings in Sirius XM were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coston McIsaac & Partners boosted its stake in Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after acquiring an additional 624 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Sirius XM in the fourth quarter valued at about $26,000. TCTC Holdings LLC purchased a new position in Sirius XM in the third quarter valued at about $29,000. Geneos Wealth Management Inc. boosted its stake in Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after acquiring an additional 1,315 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SIRI. Barrington Research reiterated an “outperform” rating and issued a $30.00 target price on shares of Sirius XM in a research note on Thursday, January 30th. Pivotal Research dropped their price target on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group dropped their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com initiated coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Sirius XM has a consensus rating of “Hold” and a consensus price target of $26.96.

Sirius XM Stock Performance

Sirius XM stock opened at $26.52 on Wednesday. The firm’s 50 day simple moving average is $23.32 and its 200 day simple moving average is $25.86. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $8.98 billion, a PE ratio of -4.14, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $48.55.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, analysts expect that Sirius XM Holdings Inc. will post 3.17 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s payout ratio is -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.