Thoroughbred Financial Services LLC Buys 2,191 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Thoroughbred Financial Services LLC grew its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,230 shares of the company’s stock after purchasing an additional 2,191 shares during the period. Thoroughbred Financial Services LLC’s holdings in Sirius XM were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM in the 4th quarter worth $26,000. First Command Advisory Services Inc. bought a new position in shares of Sirius XM during the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. raised its holdings in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after buying an additional 1,144 shares during the period. Gables Capital Management Inc. bought a new stake in Sirius XM in the fourth quarter worth $43,000. Finally, Avior Wealth Management LLC boosted its stake in Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after buying an additional 1,810 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Down 7.7 %

Sirius XM stock opened at $19.51 on Monday. Sirius XM Holdings Inc. has a twelve month low of $18.57 and a twelve month high of $41.60. The business has a fifty day moving average of $23.91 and a two-hundred day moving average of $24.43. The firm has a market cap of $6.61 billion, a P/E ratio of -3.04, a P/E/G ratio of 0.79 and a beta of 0.98. 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 (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 5.54%. Sirius XM’s payout ratio is -16.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Rosenblatt Securities reduced their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Barrington Research set a $28.00 target price on Sirius XM in a research note on Friday, January 31st. Guggenheim decreased their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six equities 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.