52,544 Shares in Sirius XM Holdings Inc. $SIRI Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the third quarter, Holdings Channel.com reports. The firm purchased 52,544 shares of the company’s stock, valued at approximately $1,223,000.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in Sirius XM in the 4th quarter worth $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Sirius XM by 11.1% during the first 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 buying an additional 92,111 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Sirius XM by 5.2% during the first quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock valued at $367,000 after buying an additional 800 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after buying an additional 493 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in shares of Sirius XM in the 2nd quarter valued at about $208,000. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Performance

Shares of SIRI stock opened at $21.06 on Friday. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.36 and a beta of 0.93. The stock has a fifty day moving average of $20.88 and a 200 day moving average of $21.74. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $25.67. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.75.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.1%. Sirius XM’s payout ratio is presently 48.21%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Rosenblatt Securities raised their price target on Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings lowered Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. UBS Group set a $24.00 target price on shares of Sirius XM in a research note on Tuesday, February 10th. Barrington Research reissued an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. raised shares of Sirius XM from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $24.00 in a report on Tuesday, February 10th. Three 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.44.

Sirius XM 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.