Aldebaran Capital LLC Invests $983,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Aldebaran Capital LLC purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 43,113 shares of the company’s stock, valued at approximately $983,000. Sirius XM comprises approximately 0.9% of Aldebaran Capital LLC’s portfolio, making the stock its 23rd largest holding.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Sirius XM in the 4th quarter valued at approximately $28,269,000. Check Capital Management Inc. CA raised its position in Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after purchasing an additional 981,517 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in Sirius XM by 310.5% during the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after buying an additional 890,048 shares during the period. Capital Management Corp VA bought a new stake in shares of Sirius XM in the 4th quarter valued at about $11,339,000. Finally, FMR LLC increased its stake in shares of Sirius XM by 472.6% in the third quarter. FMR LLC now owns 497,514 shares of the company’s stock valued at $11,766,000 after buying an additional 410,621 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Trading Down 5.4 %

NASDAQ:SIRI opened at $21.13 on Friday. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $41.60. The firm has a 50-day moving average price of $23.96 and a two-hundred day moving average price of $24.44. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of -3.30, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. 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 (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) 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%. On average, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Rosenblatt Securities cut their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research note on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. 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 assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.81.

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.