Xponance Inc. Purchases 527 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Xponance Inc. lifted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,341 shares of the company’s stock after acquiring an additional 527 shares during the quarter. Xponance Inc.’s holdings in Sirius XM were worth $281,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in Sirius XM by 4.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock worth $339,000 after purchasing an additional 630 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of Sirius XM by 4.3% during the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock worth $358,000 after buying an additional 643 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Sirius XM by 5.9% in the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock valued at $325,000 after buying an additional 791 shares during the period. Mill Creek Capital Advisors LLC lifted its holdings in Sirius XM by 5.8% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock valued at $348,000 after buying an additional 837 shares during the period. Finally, 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. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $23.82 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of -3.72, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60. The stock’s 50-day moving average is $23.97 and its 200-day moving average is $24.59.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping 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%. Equities analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders 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 annualized dividend and a yield of 4.53%. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SIRI shares. Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Company lowered their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a report on Friday, January 31st. Finally, Morgan Stanley cut their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.81.

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.