Sirius XM Holdings Inc. $SIRI is swisspartners Advisors Ltd’s 10th Largest Position

swisspartners Advisors Ltd lifted its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 389,976 shares of the company’s stock after buying an additional 23,138 shares during the period. Sirius XM comprises 5.7% of swisspartners Advisors Ltd’s holdings, making the stock its 10th largest holding. swisspartners Advisors Ltd’s holdings in Sirius XM were worth $7,789,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its position in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after acquiring an additional 493 shares in the last quarter. Deseret Mutual Benefit Administrators raised its position in Sirius XM by 67.1% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,664 shares of the company’s stock valued at $62,000 after purchasing an additional 1,070 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of Sirius XM in the 3rd quarter valued at approximately $85,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Sirius XM by 134.6% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 3,659 shares of the company’s stock worth $85,000 after purchasing an additional 2,099 shares during the period. Finally, North Star Investment Management Corp. increased its position in shares of Sirius XM by 1,543.7% during the 4th quarter. North Star Investment Management Corp. now owns 5,342 shares of the company’s stock valued at $107,000 after purchasing an additional 5,017 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SIRI. Moffett Nathanson initiated coverage on Sirius XM in a research report on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 price target for the company. Evercore set a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 1st. Guggenheim reissued a “buy” rating and issued a $34.00 target price (up from $29.00) on shares of Sirius XM in a research note on Friday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Citigroup reissued a “sell” rating and issued a $22.00 price objective (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.55.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $26.78 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83. The stock’s fifty day moving average is $24.04 and its two-hundred day moving average is $22.15. Sirius XM Holdings Inc. has a 52 week low of $19.76 and a 52 week high of $28.77. The company has a market capitalization of $9.01 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.58 and a beta of 0.94.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. As a group, analysts expect that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, May 11th. Sirius XM’s payout ratio is 45.57%.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.