Brighton Jones LLC Acquires New Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Brighton Jones LLC bought a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 27,277 shares of the company’s stock, valued at approximately $622,000.

Several other hedge funds have also recently modified their holdings of SIRI. Coston McIsaac & Partners increased its holdings in Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after buying an additional 624 shares in the last quarter. TCTC Holdings LLC purchased a new stake in shares of Sirius XM during the 3rd quarter valued at about $29,000. Bfsg LLC grew its stake in shares of Sirius XM by 35.3% in the third quarter. Bfsg LLC now owns 4,735 shares of the company’s stock worth $112,000 after acquiring an additional 1,235 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its position in Sirius XM by 10.9% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,007 shares of the company’s stock valued at $342,000 after purchasing an additional 1,469 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Down 0.8 %

SIRI opened at $21.96 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7.45 billion, a PE ratio of -3.46, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $55.05. The firm has a 50-day simple moving average of $23.91 and a two-hundred day simple moving average of $27.32.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -17.03%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SIRI shares. Bank of America reissued an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a report on Thursday, October 24th. Wells Fargo & Company dropped their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley dropped their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday. Finally, Barrington Research reduced their target price on shares of Sirius XM from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, December 13th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and an average price target of $27.42.

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.