Benjamin Edwards Inc. Buys Shares of 37,133 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Benjamin Edwards Inc. purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,133 shares of the company’s stock, valued at approximately $847,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SIRI. Union Bancaire Privee UBP SA bought a new position in Sirius XM during the fourth quarter worth about $26,000. First Command Advisory Services Inc. bought a new position in shares of Sirius XM during the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. grew its position in shares of Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after purchasing an additional 1,144 shares during the period. Itau Unibanco Holding S.A. increased its stake in Sirius XM by 255.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock worth $42,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in Sirius XM during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $21.72 on Friday. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The company has a market cap of $7.34 billion, a PE ratio of -3.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. The business’s 50 day moving average price is $21.79 and its two-hundred day moving average price is $23.70. 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 announced its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business earned $0.07 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 4.97%. Sirius XM’s dividend payout ratio is currently -16.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SIRI shares. Rosenblatt Securities lowered their price objective on shares of Sirius XM from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Morgan Stanley reduced their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Guggenheim dropped their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, Barrington Research reiterated an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd. Six analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.65.

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.