MassMutual Private Wealth & Trust FSB Acquires 137,935 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

MassMutual Private Wealth & Trust FSB grew its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 383,152.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,971 shares of the company’s stock after purchasing an additional 137,935 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Sirius XM were worth $3,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SIRI. Coston McIsaac & Partners grew its position in Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after buying an additional 624 shares in the last quarter. TCTC Holdings LLC acquired a new stake in shares of Sirius XM during the 3rd quarter worth $29,000. Princeton Global Asset Management LLC grew its holdings in shares of Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after purchasing an additional 1,315 shares in the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of Sirius XM in the second quarter worth $47,000. Finally, Trium Capital LLP acquired a new position in Sirius XM in the third quarter valued at about $50,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SIRI has been the topic of several recent analyst reports. Rosenblatt Securities raised their target price on shares of Sirius XM from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Pivotal Research lowered their price objective on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Benchmark restated a “buy” rating and set a $43.00 target price on shares of Sirius XM in a research note on Tuesday, October 15th. Barrington Research lowered their price target on Sirius XM from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, December 13th. Finally, StockNews.com started coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating for the company. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.58.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $22.27 on Tuesday. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of -3.51, a P/E/G ratio of 1.05 and a beta of 1.05. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $55.40. The company’s fifty day moving average is $24.38 and its 200 day moving average is $27.66. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

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.