swisspartners Advisors Ltd Boosts Stock Holdings in Sirius XM Holdings Inc. $SIRI

swisspartners Advisors Ltd lifted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 17.5% during the third quarter, HoldingsChannel.com reports. The firm owned 366,838 shares of the company’s stock after purchasing an additional 54,720 shares during the quarter. Sirius XM makes up about 7.0% of swisspartners Advisors Ltd’s portfolio, making the stock its 8th largest holding. swisspartners Advisors Ltd’s holdings in Sirius XM were worth $8,559,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC grew its position in Sirius XM by 165.2% during the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after purchasing an additional 3,233,922 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Sirius XM by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,515,519 shares of the company’s stock valued at $57,781,000 after purchasing an additional 170,155 shares during the last quarter. Norges Bank bought a new position in shares of Sirius XM during the second quarter valued at $43,152,000. Alberta Investment Management Corp raised its position in Sirius XM by 20.2% in the 2nd quarter. Alberta Investment Management Corp now owns 1,486,226 shares of the company’s stock worth $34,139,000 after buying an additional 250,000 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Sirius XM by 11.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock valued at $20,861,000 after acquiring an additional 92,111 shares during the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Stock Performance

NASDAQ SIRI opened at $20.73 on Thursday. The business has a 50-day moving average price of $20.91 and a 200-day moving average price of $21.86. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 0.27 and a beta of 0.93. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $27.41. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.78.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 11th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, February 11th. Sirius XM’s dividend payout ratio (DPR) is presently 38.16%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sirius XM in a research report on Monday, December 29th. Barrington Research reissued an “outperform” rating and issued a $28.00 target price on shares of Sirius XM in a report on Monday, November 3rd. JPMorgan Chase & Co. increased their price objective on shares of Sirius XM from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, October 31st. Rosenblatt Securities reissued a “neutral” rating and set a $23.00 price objective on shares of Sirius XM in a research report on Monday, December 1st. Finally, Benchmark reissued a “buy” rating and set a $30.00 price target (up previously from $28.00) on shares of Sirius XM in a report on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.88.

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.