Brighton Jones LLC Acquires Shares of 27,277 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Brighton Jones LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, Holdings Channel reports. The firm bought 27,277 shares of the company’s stock, valued at approximately $622,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SIRI. Dimensional Fund Advisors LP boosted its holdings in shares of Sirius XM by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock valued at $12,260,000 after purchasing an additional 353,860 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Sirius XM by 5.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 142,767 shares of the company’s stock worth $404,000 after buying an additional 6,785 shares in the last quarter. Amalgamated Bank increased its stake in shares of Sirius XM by 30.8% during the second quarter. Amalgamated Bank now owns 109,112 shares of the company’s stock valued at $309,000 after buying an additional 25,714 shares during the period. AE Wealth Management LLC raised its holdings in shares of Sirius XM by 61.9% in the second quarter. AE Wealth Management LLC now owns 28,923 shares of the company’s stock valued at $82,000 after acquiring an additional 11,053 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Sirius XM in the second quarter worth about $3,616,000. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $21.96 on Friday. The company has a 50 day moving average price of $23.91 and a 200 day moving average price of $27.32. The firm has a market capitalization of $7.45 billion, a P/E ratio of -3.46, a PEG ratio of 1.11 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $55.05.

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 paid a dividend of $0.27 per share. The ex-dividend date is Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.92%. Sirius XM’s payout ratio is currently -17.03%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SIRI. The Goldman Sachs Group reduced their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Pivotal Research lowered their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 1st. Bank of America reiterated an “underperform” rating and issued a $23.00 price target on shares of Sirius XM in a report on Thursday, October 24th. Barrington Research dropped their price objective on Sirius XM from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, December 13th. Finally, Morgan Stanley reduced their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.42.

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.