Legato Capital Management LLC Increases Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Legato Capital Management LLC boosted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,500 shares of the company’s stock after buying an additional 15,342 shares during the quarter. Legato Capital Management LLC’s holdings in Sirius XM were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Coston McIsaac & Partners lifted its holdings in shares of Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after acquiring an additional 624 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM during the 4th quarter valued at about $26,000. TCTC Holdings LLC purchased a new stake in shares of Sirius XM during the third quarter valued at approximately $29,000. Geneos Wealth Management Inc. grew its holdings in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in shares of Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after acquiring an additional 1,315 shares during the period. 10.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SIRI. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Sirius XM in a report on Thursday, January 30th. Guggenheim dropped 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. StockNews.com assumed coverage on shares of Sirius XM in a report on Wednesday, November 13th. They issued a “sell” rating for the company. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Bank of America reiterated an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.96.

Sirius XM Stock Up 0.3 %

SIRI stock opened at $25.94 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average of $23.41 and a 200 day moving average of $26.11. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $50.50. The firm has a market cap of $8.79 billion, a PE ratio of -4.05, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts forecast that Sirius XM Holdings Inc. will post 3.17 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.16%. Sirius XM’s dividend payout ratio is presently -16.85%.

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.