WINTON GROUP Ltd Makes New Investment in Sirius XM Holdings Inc. $SIRI

WINTON GROUP Ltd acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,100 shares of the company’s stock, valued at approximately $622,000.

Several other large investors have also recently bought and sold shares of the business. Berkshire Hathaway Inc raised its position in Sirius XM by 4.2% in the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after acquiring an additional 5,030,425 shares in the last quarter. AQR Capital Management LLC raised its position in Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after acquiring an additional 3,233,922 shares in the last quarter. Check Capital Management Inc. CA raised its position in Sirius XM by 39.9% in the fourth quarter. Check Capital Management Inc. CA now owns 2,883,500 shares of the company’s stock worth $57,656,000 after acquiring an additional 821,657 shares in the last quarter. Norges Bank purchased a new position in Sirius XM in the fourth quarter worth $57,124,000. Finally, Ameriprise Financial Inc. raised its position in Sirius XM by 4.8% in the third quarter. Ameriprise Financial Inc. now owns 2,635,274 shares of the company’s stock worth $61,336,000 after acquiring an additional 119,755 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Barrington Research increased their price objective on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Guggenheim reiterated a “buy” rating and issued a $34.00 price objective (up from $29.00) on shares of Sirius XM in a research report on Friday, April 24th. Evercore set a $28.00 price objective on Sirius XM in a research report on Friday, May 1st. Finally, Citigroup restated a “sell” rating and issued a $22.00 price target (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.45.

Insider Buying and Selling at Sirius XM

In related news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the sale, the insider owned 20,163 shares in the company, valued at approximately $601,462.29. This trade represents a 50.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.27% of the stock is currently owned by corporate insiders.

Sirius XM Trading Down 0.1%

Shares of SIRI stock opened at $27.59 on Thursday. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $30.11. The stock has a market cap of $9.29 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.60 and a beta of 0.96. The business has a fifty day simple moving average of $26.45 and a 200-day simple moving average of $23.13. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts forecast that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were given a $0.27 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.9%. Sirius XM’s dividend payout ratio (DPR) is currently 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.