Cassaday & Co Wealth Management LLC Invests $240,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Cassaday & Co Wealth Management LLC purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,546 shares of the company’s stock, valued at approximately $240,000.

Other large investors also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA purchased a new stake in shares of Sirius XM during the fourth quarter worth about $26,000. TCTC Holdings LLC purchased a new stake in Sirius XM during the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its holdings in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after acquiring an additional 1,810 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Trading Down 1.7 %

Shares of Sirius XM stock opened at $24.75 on Friday. The stock has a 50 day moving average of $23.34 and a 200 day moving average of $25.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of -3.86, a PEG ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $48.00.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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, research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.36%. Sirius XM’s dividend payout ratio is currently -16.85%.

Analysts Set New Price Targets

SIRI has been the subject of several research reports. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Sirius XM in a research note on Thursday, January 30th. Finally, Wells Fargo & Company cut their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.96.

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.