Royal Fund Management LLC Makes New Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Royal Fund Management LLC bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 45,438 shares of the company’s stock, valued at approximately $1,036,000.

Several other hedge funds have also made changes to their positions in the company. Coston McIsaac & Partners boosted its stake 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 valued at $27,000 after buying an additional 624 shares during the period. TCTC Holdings LLC acquired a new stake in Sirius XM in the third quarter valued at approximately $29,000. Bfsg LLC lifted its stake in Sirius XM by 35.3% in the third quarter. Bfsg LLC now owns 4,735 shares of the company’s stock worth $112,000 after acquiring an additional 1,235 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its position in shares of Sirius XM by 10.9% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,007 shares of the company’s stock valued at $342,000 after purchasing an additional 1,469 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SIRI shares. 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. Barrington Research decreased their price target on Sirius XM from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, December 13th. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Sirius XM in a report on Wednesday, December 11th. Bank of America restated an “underperform” rating and set a $23.00 target price on shares of Sirius XM in a research note on Thursday, October 24th. Finally, Wells Fargo & Company dropped their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Six 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.58.

Sirius XM Price Performance

Shares of SIRI opened at $22.19 on Wednesday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of -3.50, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $55.40. The firm has a 50-day simple moving average of $24.27 and a 200-day simple moving average of $27.57. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.

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.