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%.
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.
Want to see what other hedge funds are holding SIRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sirius XM Holdings Inc. (NASDAQ:SIRI).
Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.