Picton Mahoney Asset Management Takes $968,000 Position in Sirius XM Holdings Inc. $SIRI

Picton Mahoney Asset Management acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 41,609 shares of the company’s stock, valued at approximately $968,000.

A number of other institutional investors also recently bought and sold shares of the stock. Sound Income Strategies LLC purchased a new position in shares of Sirius XM in the 3rd quarter valued at about $33,000. True Wealth Design LLC raised its position in Sirius XM by 47.8% in the second quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock valued at $37,000 after purchasing an additional 523 shares during the period. Geneos Wealth Management Inc. increased its holdings in Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after purchasing an additional 493 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Sirius XM in the 3rd quarter valued at $42,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Sirius XM in the second quarter valued at approximately $44,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $22.25 on Friday. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $25.35. The company has a market cap of $7.45 billion, a PE ratio of 9.93, a P/E/G ratio of 0.39 and a beta of 0.92. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.75. The firm has a 50-day simple moving average of $21.04 and a 200 day simple moving average of $21.73.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, February 11th. Sirius XM’s payout ratio is currently 48.21%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SIRI. Moffett Nathanson assumed coverage on Sirius XM in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. raised Sirius XM from an “underweight” rating to a “neutral” rating and raised their price target for the company from $20.00 to $24.00 in a report on Tuesday, February 10th. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Thursday, February 5th. UBS Group set a $24.00 price objective on Sirius XM in a research report on Tuesday, February 10th. Finally, Rosenblatt Securities raised their target price on shares of Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Three investment 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. Based on data from MarketBeat, Sirius XM presently has a consensus rating of “Hold” and an average price target of $24.44.

Sirius XM Profile

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.