Jacobs Equity LLC Takes $510,000 Position in Sirius XM Holdings Inc. $SIRI

Jacobs Equity LLC purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,500 shares of the company’s stock, valued at approximately $510,000.

A number of other large investors also recently modified their holdings of the company. XTX Topco Ltd lifted its stake in Sirius XM by 108.6% in the 4th quarter. XTX Topco Ltd now owns 71,575 shares of the company’s stock worth $1,431,000 after purchasing an additional 37,256 shares in the last quarter. VestGen Advisors LLC bought a new position in Sirius XM in the 4th quarter valued at $201,000. SummitTX Capital L.P. grew its position in shares of Sirius XM by 1,401.2% during the 4th quarter. SummitTX Capital L.P. now owns 153,960 shares of the company’s stock valued at $3,078,000 after purchasing an additional 143,704 shares in the last quarter. Readystate Asset Management LP grew its position in shares of Sirius XM by 41.6% during the 4th quarter. Readystate Asset Management LP now owns 565,623 shares of the company’s stock valued at $11,310,000 after purchasing an additional 166,063 shares in the last quarter. Finally, Oxford Asset Management LLP increased its holdings in shares of Sirius XM by 250.0% in the fourth quarter. Oxford Asset Management LLP now owns 78,197 shares of the company’s stock worth $1,564,000 after purchasing an additional 55,853 shares during the period. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Up 0.4%

Shares of NASDAQ:SIRI opened at $28.03 on Friday. The stock has a market capitalization of $9.44 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 0.60 and a beta of 0.96. The stock’s 50-day moving average price is $26.96 and its 200-day moving average price is $23.42. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $30.11.

Sirius XM (NASDAQ:SIRI) last released its 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. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.Sirius XM’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. On average, equities analysts anticipate that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, May 11th. Sirius XM’s payout ratio is 45.57%.

Insiders Place Their Bets

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total value 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. The trade was a 50.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SIRI. 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. Citigroup restated a “sell” rating and issued a $22.00 target price (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. Rosenblatt Securities lowered their price target on Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. JPMorgan Chase & Co. lifted their price target on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Evercore set a $28.00 price objective on Sirius XM in a report on Friday, May 1st. Four research 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. Based on data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and an average target price of $27.45.

Sirius XM Profile

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.