Wealthcare Advisory Partners LLC Purchases Shares of 17,428 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Wealthcare Advisory Partners LLC acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 17,428 shares of the company’s stock, valued at approximately $68,000.

A number of other large investors have also made changes to their positions in the stock. BKM Wealth Management LLC bought a new position in Sirius XM during the fourth quarter valued at about $27,000. First PREMIER Bank acquired a new position in shares of Sirius XM in the first quarter valued at $31,000. First United Bank & Trust bought a new position in Sirius XM in the fourth quarter worth $37,000. TFO Wealth Partners LLC boosted its stake in Sirius XM by 140,560.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after buying an additional 7,028 shares in the last quarter. Finally, Moulton Wealth Management Inc. bought a new stake in Sirius XM in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insider Buying and Selling

In other Sirius XM news, Director Kristina Salen sold 12,518 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total transaction of $32,546.80. Following the transaction, the director now directly owns 169,309 shares in the company, valued at approximately $440,203.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Wednesday, May 1st. Evercore ISI upgraded Sirius XM from an “underperform” rating to an “in-line” rating and cut their target price for the stock from $4.25 to $3.25 in a research report on Monday, June 24th. Benchmark lowered their price target on Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. StockNews.com began coverage on Sirius XM in a report on Tuesday. They set a “hold” rating for the company. Finally, The Goldman Sachs Group raised shares of Sirius XM from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $3.50 to $3.25 in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.11.

Sirius XM Trading Up 7.6 %

Shares of NASDAQ SIRI opened at $3.10 on Wednesday. Sirius XM Holdings Inc. has a 1-year low of $2.45 and a 1-year high of $7.95. The company has a 50-day moving average of $2.86 and a two-hundred day moving average of $3.98. The company has a market cap of $11.92 billion, a PE ratio of 9.39, a P/E/G ratio of 0.92 and a beta of 1.08.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $0.06 earnings per share. Sirius XM’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts forecast that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th were paid a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 9th. Sirius XM’s dividend payout ratio (DPR) is presently 33.33%.

Sirius XM Company Profile

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.