Atlas Capital Advisors Inc. Takes $712,000 Position in Sirius XM Holdings Inc. $SIRI

Atlas Capital Advisors Inc. acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, Holdings Channel.com reports. The firm acquired 35,608 shares of the company’s stock, valued at approximately $712,000.

A number of other large investors have also made changes to their positions in the stock. Geneos Wealth Management Inc. raised its position in shares of Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after buying an additional 493 shares during the last quarter. Krilogy Financial LLC raised its position in shares of Sirius XM by 1.1% during the fourth quarter. Krilogy Financial LLC now owns 53,572 shares of the company’s stock valued at $1,097,000 after buying an additional 577 shares during the last quarter. Rossby Financial LCC raised its position in shares of Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after buying an additional 593 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Sirius XM by 4.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 13,589 shares of the company’s stock valued at $272,000 after buying an additional 594 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Sirius XM by 31.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,625 shares of the company’s stock valued at $52,000 after buying an additional 627 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of Sirius XM stock opened at $27.52 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 0.59 and a beta of 0.96. Sirius XM Holdings Inc. has a 1-year low of $19.76 and a 1-year high of $30.11. The firm’s 50-day moving average price is $26.63 and its two-hundred day moving average price is $23.23.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. On average, equities analysts predict that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

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 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, May 11th. Sirius XM’s dividend payout ratio is currently 45.57%.

Analyst Ratings Changes

SIRI has been the subject of a number of research analyst reports. Evercore set a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 1st. Rosenblatt Securities lowered their target price on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Citigroup reissued a “sell” rating and issued a $22.00 target price (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. Barrington Research upped their target price on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Four 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.45.

Insiders Place Their Bets

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the company’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 sale, the insider directly owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. This represents a 50.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.27% of the company’s stock.

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.