Centaurus Financial Inc. Purchases New Holdings in Sirius XM Holdings Inc. (SIRI)

Centaurus Financial Inc. purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,350 shares of the company’s stock, valued at approximately $184,000.

Other hedge funds also recently bought and sold shares of the company. Macquarie Group Ltd. boosted its holdings in shares of Sirius XM by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after purchasing an additional 15,200 shares during the period. Toronto Dominion Bank raised its position in Sirius XM by 9.7% during the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after acquiring an additional 1,799 shares in the last quarter. Kalos Management Inc. bought a new position in Sirius XM during the third quarter valued at approximately $114,000. Cornerstone Financial Partners LLC bought a new position in Sirius XM during the fourth quarter valued at approximately $113,000. Finally, SeaCrest Wealth Management LLC bought a new position in Sirius XM during the fourth quarter valued at approximately $115,000. Institutional investors and hedge funds own 20.35% of the company’s stock.

In other news, VP Thomas D. Barry sold 175,777 shares of Sirius XM stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $6.11, for a total value of $1,073,997.47. Following the transaction, the vice president now owns 551,815 shares of the company’s stock, valued at $3,371,589.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Joseph A. Verbrugge sold 863,570 shares of Sirius XM stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $6.10, for a total transaction of $5,267,777.00. Following the completion of the transaction, the executive vice president now directly owns 2,986,689 shares in the company, valued at approximately $18,218,802.90. The disclosure for this sale can be found here. In the last three months, insiders sold 2,586,530 shares of company stock worth $15,157,263. Insiders own 1.06% of the company’s stock.

Several equities analysts recently weighed in on SIRI shares. Buckingham Research started coverage on shares of Sirius XM in a research report on Friday, January 19th. They set a “buy” rating and a $6.50 price objective on the stock. Zacks Investment Research lowered shares of Sirius XM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada set a $6.00 price objective on shares of Sirius XM and gave the company a “hold” rating in a research report on Thursday, January 11th. Finally, Morgan Stanley raised their price objective on shares of Sirius XM from $5.35 to $5.50 and gave the company an “underweight” rating in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $6.12.

Sirius XM Holdings Inc. (NASDAQ SIRI) opened at $6.27 on Friday. Sirius XM Holdings Inc. has a 52-week low of $4.73 and a 52-week high of $6.30. The company has a market cap of $27,620.00, a P/E ratio of 44.79, a PEG ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.16.

Sirius XM declared that its Board of Directors has initiated a share buyback program on Tuesday, January 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th will be given a $0.011 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, February 6th. Sirius XM’s dividend payout ratio is 28.57%.

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About Sirius XM

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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