MassMutual Private Wealth & Trust FSB Has $3.15 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

MassMutual Private Wealth & Trust FSB lifted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 383,152.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,971 shares of the company’s stock after buying an additional 137,935 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Sirius XM were worth $3,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SIRI. Franklin Resources Inc. grew its holdings in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after acquiring an additional 58,993 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of Sirius XM during the 4th quarter valued at about $268,000. Janus Henderson Group PLC acquired a new stake in Sirius XM during the third quarter worth approximately $2,367,000. Everence Capital Management Inc. bought a new stake in Sirius XM in the fourth quarter worth approximately $241,000. Finally, FMR LLC lifted its stake in Sirius XM by 472.6% in the third quarter. FMR LLC now owns 497,514 shares of the company’s stock valued at $11,766,000 after buying an additional 410,621 shares during the period. Institutional investors own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $23.00 price objective on shares of Sirius XM in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lifted their price target on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Guggenheim reissued a “buy” rating and set a $30.00 price objective on shares of Sirius XM in a research report on Wednesday, December 11th. Citigroup boosted their target price on Sirius XM from $2.80 to $21.00 and gave the company a “sell” rating in a research report on Thursday, September 26th. Finally, Pivotal Research cut their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sirius XM presently has a consensus rating of “Hold” and an average price target of $27.58.

Sirius XM Trading Up 1.6 %

Shares of Sirius XM stock opened at $22.27 on Tuesday. The company has a market capitalization of $7.55 billion, a P/E ratio of -3.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. The stock has a fifty day simple moving average of $24.38 and a 200 day simple moving average of $27.66. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $55.40. The company has a current ratio of 0.37, a quick 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.