Integrated Wealth Concepts LLC Buys New Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Integrated Wealth Concepts LLC purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 74,391 shares of the company’s stock, valued at approximately $1,696,000.

Other hedge funds have also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM during the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new stake in shares of Sirius XM in the 4th quarter valued at $30,000. Geneos Wealth Management Inc. lifted its position in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the period. Gables Capital Management Inc. bought a new position in Sirius XM during the fourth quarter worth $43,000. Finally, Avior Wealth Management LLC grew its holdings in Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after purchasing an additional 1,810 shares during the period. 10.69% of the stock is owned by institutional investors.

Sirius XM Trading Up 0.5 %

Shares of SIRI stock opened at $21.77 on Tuesday. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $41.60. The company has a 50-day simple moving average of $22.32 and a two-hundred day simple moving average of $23.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of -3.40, a PEG ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

Analyst Upgrades and Downgrades

SIRI has been the topic of a number of research analyst reports. Seaport Res Ptn raised shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Guggenheim reduced their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barrington Research set a $28.00 target price on Sirius XM in a research report on Friday, January 31st. Morgan Stanley cut their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Finally, Rosenblatt Securities decreased their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.