Quent Capital LLC Makes New $158,000 Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Quent Capital LLC acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,918 shares of the company’s stock, valued at approximately $158,000.

Several other institutional investors also recently bought and sold shares of the business. Sessa Capital IM L.P. bought a new position in Sirius XM in the third quarter worth approximately $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in Sirius XM in the third quarter worth approximately $67,598,000. Seizert Capital Partners LLC bought a new position in Sirius XM in the third quarter worth approximately $46,173,000. Wittenberg Investment Management Inc. boosted its stake in Sirius XM by 161.1% in the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after acquiring an additional 782,678 shares in the last quarter. Finally, Whitebox Advisors LLC grew its holdings in Sirius XM by 310.5% in the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after purchasing an additional 890,048 shares during the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $25.81 on Thursday. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $49.40. The company has a market cap of $8.74 billion, a price-to-earnings ratio of -4.03, a PEG ratio of 0.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The business’s 50 day moving average price is $23.41 and its 200 day moving average price is $26.11.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. On average, research analysts predict that Sirius XM Holdings Inc. will post 3.17 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders 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 yield of 4.18%. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SIRI. Guggenheim cut their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Bank of America reaffirmed an “underperform” rating and issued a $23.00 price target on shares of Sirius XM in a report on Thursday, October 24th. Morgan Stanley dropped their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Sirius XM in a report on Thursday, January 30th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.96.

Sirius XM Company 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.