Advisor Group Inc. grew its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 41.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,244 shares of the company’s stock after purchasing an additional 53,558 shares during the period. Advisor Group Inc.’s holdings in Sirius XM were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Alps Advisors Inc. raised its position in Sirius XM by 21.0% during the fourth quarter. Alps Advisors Inc. now owns 51,956 shares of the company’s stock valued at $278,000 after acquiring an additional 9,027 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Sirius XM by 2.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,298 shares of the company’s stock valued at $1,797,000 after purchasing an additional 9,290 shares during the period. Koch Industries Inc. raised its position in shares of Sirius XM by 31.1% in the fourth quarter. Koch Industries Inc. now owns 41,264 shares of the company’s stock valued at $221,000 after purchasing an additional 9,789 shares during the period. Stifel Financial Corp raised its position in shares of Sirius XM by 10.2% in the third quarter. Stifel Financial Corp now owns 108,206 shares of the company’s stock valued at $604,000 after purchasing an additional 9,997 shares during the period. Finally, Valmark Advisers Inc. raised its position in shares of Sirius XM by 102.3% in the fourth quarter. Valmark Advisers Inc. now owns 20,230 shares of the company’s stock valued at $108,000 after purchasing an additional 10,230 shares during the period. Institutional investors own 20.02% of the company’s stock.
Shares of SIRI traded down $0.04 on Friday, hitting $6.19. The company’s stock had a trading volume of 12,997,565 shares, compared to its average volume of 14,807,973. Sirius XM Holdings Inc. has a fifty-two week low of $4.73 and a fifty-two week high of $6.62. The company has a debt-to-equity ratio of -4.42, a quick ratio of 0.16 and a current ratio of 0.17. The firm has a market capitalization of $27,984.31, a PE ratio of 30.95, a P/E/G ratio of 1.75 and a beta of 1.11.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Sirius XM had a negative return on equity of 79.79% and a net margin of 11.94%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. equities research analysts predict that Sirius XM Holdings Inc. will post 0.24 EPS for the current fiscal year.
Sirius XM declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In related news, Director Joan Lordi Amble sold 73,961 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $6.50, for a total value of $480,746.50. Following the sale, the director now owns 101,174 shares in the company, valued at approximately $657,631. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas D. Barry sold 175,777 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 551,815 shares in the company, valued at approximately $3,371,589.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,113,308 shares of company stock worth $6,822,521. Company insiders own 1.06% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research note on Friday, March 16th. Citigroup cut Sirius XM from a “buy” rating to a “neutral” rating and set a $6.65 price objective for the company. in a report on Thursday, March 22nd. ValuEngine raised Sirius XM from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Goldman Sachs lifted their price target on Sirius XM from $5.00 to $5.50 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Morgan Stanley lifted their price target on Sirius XM from $5.35 to $5.50 and gave the company an “underweight” rating in a report on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Sirius XM presently has a consensus rating of “Buy” and an average target price of $6.21.
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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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