Jackson Creek Investment Advisors LLC Takes $1.25 Million Position in Sirius XM Holdings Inc. $SIRI

Jackson Creek Investment Advisors LLC purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, HoldingsChannel reports. The fund purchased 62,320 shares of the company’s stock, valued at approximately $1,246,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SIRI. Berkshire Hathaway Inc increased its stake in shares of Sirius XM by 4.2% in the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after buying an additional 5,030,425 shares during the period. AQR Capital Management LLC increased its stake in shares of Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after buying an additional 3,233,922 shares during the period. Two Sigma Investments LP increased its stake in shares of Sirius XM by 270.0% in the third quarter. Two Sigma Investments LP now owns 1,933,521 shares of the company’s stock valued at $45,003,000 after buying an additional 1,410,963 shares during the period. Check Capital Management Inc. CA increased its stake in shares of Sirius XM by 76.7% in the third quarter. Check Capital Management Inc. CA now owns 2,061,843 shares of the company’s stock valued at $47,989,000 after buying an additional 895,247 shares during the period. Finally, Man Group plc acquired a new stake in shares of Sirius XM in the second quarter valued at about $19,708,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Trading Up 0.1%

NASDAQ SIRI opened at $29.67 on Thursday. The business has a 50 day simple moving average of $25.32 and a 200 day simple moving average of $22.64. Sirius XM Holdings Inc. has a one year low of $19.76 and a one year high of $30.11. The stock has a market capitalization of $9.99 billion, a P/E ratio of 12.52, a P/E/G ratio of 0.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate 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 firm posted $0.59 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. Research analysts expect that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently disclosed 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 3.6%. The ex-dividend date of this dividend was Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is 45.57%.

Analyst Ratings Changes

SIRI has been the subject of several recent research reports. Rosenblatt Securities decreased their price target on Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings raised Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their target price on Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Barrington Research raised their target price on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, Evercore set a $28.00 target price on Sirius XM in a research note on Friday, May 1st. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.45.

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.