Bfsg LLC Has $168,000 Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Bfsg LLC lifted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 55.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,383 shares of the company’s stock after purchasing an additional 2,648 shares during the period. Bfsg LLC’s holdings in Sirius XM were worth $168,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Truist Financial Corp acquired a new position in Sirius XM in the fourth quarter valued at $253,000. State of New Jersey Common Pension Fund D lifted its holdings in Sirius XM by 15.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 83,439 shares of the company’s stock valued at $1,902,000 after buying an additional 11,243 shares during the period. Check Capital Management Inc. CA lifted its holdings in Sirius XM by 597.7% in the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after buying an additional 981,517 shares during the period. Quadrant Private Wealth Management LLC lifted its holdings in Sirius XM by 8.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 15,406 shares of the company’s stock valued at $351,000 after buying an additional 1,228 shares during the period. Finally, Legato Capital Management LLC lifted its holdings in Sirius XM by 21.9% in the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after buying an additional 15,342 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

SIRI has been the topic of several recent analyst reports. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley decreased their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Pivotal Research decreased their price target on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sirius XM currently has an average rating of “Hold” and an average price target of $26.96.

Sirius XM Trading Down 2.2 %

NASDAQ:SIRI opened at $26.52 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a 50-day moving average of $23.32 and a 200-day moving average of $25.86. The company has a market cap of $8.98 billion, a PE ratio of -4.14, a PEG ratio of 0.82 and a beta of 1.06. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $48.55.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, equities research analysts expect that Sirius XM Holdings Inc. will post 3.17 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.07%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

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.