Aristeia Capital L.L.C. Acquires 31,982 Shares of Sirius XM Holdings Inc. $SIRI

Aristeia Capital L.L.C. boosted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 296.9% in the fourth quarter, HoldingsChannel reports. The firm owned 42,753 shares of the company’s stock after buying an additional 31,982 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Sirius XM were worth $855,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SIRI. Berkshire Hathaway Inc grew its position in Sirius XM by 4.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after purchasing an additional 5,030,425 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Sirius XM by 165.2% during the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after buying an additional 3,233,922 shares in the last quarter. Norges Bank purchased a new stake in shares of Sirius XM during the 4th quarter valued at approximately $57,124,000. Bank of New York Mellon Corp lifted its stake in shares of Sirius XM by 253.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,019,901 shares of the company’s stock valued at $40,388,000 after buying an additional 1,449,036 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sirius XM by 434.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,740,360 shares of the company’s stock worth $34,798,000 after purchasing an additional 1,414,426 shares in the last quarter. 10.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the sale, the insider directly owned 20,163 shares in the company, valued at approximately $601,462.29. This trade represents a 50.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Evercore set a $28.00 target price on shares of Sirius XM in a report on Friday, May 1st. Citigroup reaffirmed a “sell” rating and set a $22.00 target price (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Barrington Research increased their price target on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, Rosenblatt Securities dropped their price target on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.45.

Sirius XM Trading Up 0.3%

Shares of NASDAQ SIRI opened at $27.93 on Thursday. Sirius XM Holdings Inc. has a 1 year low of $19.76 and a 1 year high of $30.11. The stock has a market cap of $9.40 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.60 and a beta of 0.96. The firm has a 50-day moving average of $26.87 and a 200 day moving average of $23.37. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the company posted $0.59 EPS. Sirius XM’s revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is currently 45.57%.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.