175,580 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by Bastion Asset Management Inc.

Bastion Asset Management Inc. acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 175,580 shares of the company’s stock, valued at approximately $4,305,000. Sirius XM comprises about 2.8% of Bastion Asset Management Inc.’s holdings, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of SIRI. Franklin Resources Inc. boosted its holdings in shares of Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after purchasing an additional 58,993 shares during the period. Everence Capital Management Inc. bought a new position in shares of Sirius XM during the 4th quarter worth $241,000. Central Pacific Bank Trust Division purchased a new position in shares of Sirius XM during the fourth quarter valued at $104,000. First Hawaiian Bank bought a new stake in shares of Sirius XM in the fourth quarter valued at about $454,000. Finally, Miracle Mile Advisors LLC purchased a new stake in Sirius XM in the fourth quarter worth about $268,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 5.0 %

NASDAQ:SIRI opened at $20.47 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The company has a market cap of $6.93 billion, a PE ratio of -3.19, a P/E/G ratio of 0.79 and a beta of 0.90. The company’s 50 day moving average is $22.00 and its two-hundred day moving average is $23.84.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company earned $0.07 earnings per share. Sirius XM’s revenue was down 4.3% on a year-over-year basis. Analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM’s dividend payout ratio (DPR) is -16.56%.

Analyst Ratings Changes

SIRI has been the subject of several recent research reports. Morgan Stanley reduced their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Barrington Research reissued an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Friday. Rosenblatt Securities dropped their target price on Sirius XM from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday. Seaport Res Ptn upgraded Sirius XM from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Finally, Guggenheim cut their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.65.

Sirius XM 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.