Seizert Capital Partners LLC Boosts Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Seizert Capital Partners LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,269,616 shares of the company’s stock after purchasing an additional 317,289 shares during the quarter. Sirius XM accounts for 2.3% of Seizert Capital Partners LLC’s portfolio, making the stock its 11th biggest holding. Seizert Capital Partners LLC owned about 0.67% of Sirius XM worth $51,747,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SIRI. State of Alaska Department of Revenue raised its stake in Sirius XM by 21.2% during the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after buying an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA grew its stake in shares of 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 valued at $26,123,000 after purchasing an additional 981,517 shares during the period. Legato Capital Management LLC increased its position in shares of Sirius XM by 21.9% during the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after purchasing an additional 15,342 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Sirius XM by 209.1% in the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after purchasing an additional 58,993 shares during the period. Finally, MBA Advisors LLC purchased a new position in shares of Sirius XM in the fourth quarter worth approximately $228,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Trading Down 1.6 %

Shares of SIRI opened at $23.65 on Wednesday. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $42.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The company’s fifty day moving average is $23.59 and its 200 day moving average is $25.45. The stock has a market capitalization of $8.01 billion, a PE ratio of -3.69, a P/E/G ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.57%. Sirius XM’s dividend payout ratio is currently -16.85%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SIRI. Wells Fargo & Company reduced their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. StockNews.com initiated coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock. Guggenheim reduced their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Rosenblatt Securities lowered their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Barrington Research set a $28.00 target price on shares of Sirius XM in a report on Friday, January 31st. Six 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.81.

About Sirius XM

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.