Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 55.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,842 shares of the company’s stock after buying an additional 1,371 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sirius XM were worth $88,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Sirius XM by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company’s stock valued at $89,284,000 after purchasing an additional 154,765 shares during the last quarter. Seizert Capital Partners LLC increased its stake in shares of Sirius XM by 16.3% in the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock valued at $51,747,000 after purchasing an additional 317,289 shares during the period. LSV Asset Management bought a new stake in shares of Sirius XM during the fourth quarter valued at approximately $51,535,000. Brandywine Global Investment Management LLC boosted its position in shares of Sirius XM by 7.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company’s stock worth $50,571,000 after buying an additional 150,744 shares during the period. Finally, Epoch Investment Partners Inc. grew its holdings in Sirius XM by 43.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,068,251 shares of the company’s stock worth $47,156,000 after buying an additional 625,044 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

SIRI opened at $21.57 on Friday. The business has a fifty day simple moving average of $21.74 and a 200-day simple moving average of $23.67. The firm has a market cap of $7.29 billion, a PE ratio of -3.37, a P/E/G ratio of 0.79 and a beta of 0.90. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the business posted $0.07 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be given a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.01%. Sirius XM’s dividend payout ratio (DPR) is presently -16.56%.

Analyst Upgrades and Downgrades

SIRI has been the topic of several recent analyst reports. Rosenblatt Securities cut their target price on Sirius XM from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Guggenheim reduced their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn raised shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a research note on Friday, May 2nd. Finally, Morgan Stanley lowered their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.65.

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.