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

swisspartners Advisors Ltd boosted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 389,976 shares of the company’s stock after purchasing an additional 23,138 shares during the period. Sirius XM comprises 5.7% of swisspartners Advisors Ltd’s portfolio, making the stock its 10th biggest holding. swisspartners Advisors Ltd owned about 0.12% of Sirius XM worth $7,789,000 at the end of the most recent quarter.

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

Sirius XM Stock Performance

SIRI opened at $26.78 on Tuesday. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 0.58 and a beta of 0.94. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $28.77. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44. The company has a fifty day moving average of $24.04 and a 200 day moving average of $22.15.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data 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 firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the business posted $0.59 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side 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 will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is currently 45.57%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SIRI. Moffett Nathanson initiated coverage on Sirius XM in a research note on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price objective for the company. Weiss Ratings raised shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Rosenblatt Securities raised shares of Sirius XM from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $46.00 in a research note on Thursday, April 23rd. Evercore set a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 1st. Finally, Barrington Research lifted their target price on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.55.

Sirius XM Company 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.