Empowered Funds LLC Acquires New Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Empowered Funds LLC acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 146,162 shares of the company’s stock, valued at approximately $3,332,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sessa Capital IM L.P. purchased a new stake in Sirius XM in the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC purchased a new stake in Sirius XM in the 3rd quarter valued at about $67,598,000. Seizert Capital Partners LLC purchased a new stake in Sirius XM in the 3rd quarter valued at about $46,173,000. Wittenberg Investment Management Inc. raised its holdings in Sirius XM by 161.1% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after buying an additional 782,678 shares during the period. Finally, Whitebox Advisors LLC increased its stake in Sirius XM by 310.5% during the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after purchasing an additional 890,048 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Performance

Shares of SIRI opened at $25.81 on Thursday. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $49.40. 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 stock has a 50 day moving average price of $23.41 and a 200 day moving average price of $26.11. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of -4.03, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 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%. Research analysts predict that Sirius XM Holdings Inc. will post 3.17 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Bank of America reiterated an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Pivotal Research cut their price target on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company cut 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.96.

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.