Victory Capital Management Inc. Invests $946,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Victory Capital Management Inc. acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 41,480 shares of the company’s stock, valued at approximately $946,000.

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after acquiring an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA grew its position in Sirius XM by 597.7% during the fourth 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 in the last quarter. Legato Capital Management LLC grew its position in Sirius XM by 21.9% during the fourth 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 in the last quarter. Franklin Resources Inc. grew its position in Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after purchasing an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC purchased a new position in Sirius XM during the fourth quarter valued at approximately $228,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

SIRI has been the subject of a number of analyst reports. 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 research note on Thursday, December 19th. Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley reduced their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Finally, Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.81.

Sirius XM Stock Down 0.2 %

SIRI opened at $23.04 on Friday. The firm’s 50-day simple moving average is $23.71 and its 200-day simple moving average is $24.80. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $41.60. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of -3.59, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last issued 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 negative net margin of 24.03% and a positive return on equity of 13.44%. Equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.69%. Sirius XM’s payout ratio is presently -16.85%.

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.