Krilogy Financial LLC Purchases New Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Krilogy Financial LLC purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 24,418 shares of the company’s stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new position in shares of Sirius XM during the second quarter valued at about $12,858,000. Dimensional Fund Advisors LP increased its position in shares of Sirius XM by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock valued at $12,260,000 after buying an additional 353,860 shares during the period. AQR Capital Management LLC grew its holdings in Sirius XM by 14.5% in the second quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company’s stock worth $10,807,000 after purchasing an additional 490,761 shares during the period. Sessa Capital IM L.P. purchased a new stake in Sirius XM in the third quarter worth about $77,983,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in Sirius XM in the third quarter worth about $67,598,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 1.6 %

Shares of Sirius XM stock opened at $22.27 on Monday. The company has a market cap of $7.55 billion, a price-to-earnings ratio of -3.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. The company’s 50 day moving average is $24.38 and its 200 day moving average is $27.72. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $55.40. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a dividend of $0.27 per share. This is an increase from Sirius XM’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 4.85%. Sirius XM’s dividend payout ratio is -17.03%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SIRI shares. Bank of America restated an “underperform” rating and issued a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Rosenblatt Securities upped their price objective on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Benchmark restated a “buy” rating and issued a $43.00 price objective on shares of Sirius XM in a report on Tuesday, October 15th. Citigroup upped their price objective on shares of Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a report on Thursday, September 26th. Finally, StockNews.com started coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating on the stock. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sirius XM presently has a consensus rating of “Hold” and an average target price of $27.58.

About Sirius XM

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.