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

Aristeia Capital L.L.C. lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 296.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,753 shares of the company’s stock after buying an additional 31,982 shares during the period. 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 and hedge funds have also recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc raised its holdings in shares of Sirius XM by 4.2% in the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after purchasing an additional 5,030,425 shares during the last quarter. Quantbot Technologies LP lifted its stake in Sirius XM by 66.3% in the 3rd quarter. Quantbot Technologies LP now owns 133,014 shares of the company’s stock valued at $3,096,000 after purchasing an additional 53,019 shares during the last quarter. Brighton Jones LLC acquired a new stake in Sirius XM in the 4th quarter valued at about $622,000. Jupiter Asset Management Ltd. acquired a new stake in Sirius XM in the 3rd quarter valued at about $1,223,000. Finally, JPMorgan Chase & Co. lifted its stake in Sirius XM by 52.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 339,511 shares of the company’s stock valued at $7,902,000 after purchasing an additional 117,250 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Price Performance

SIRI stock opened at $27.93 on Thursday. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.60 and a beta of 0.96. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $30.11. The company’s fifty day simple moving average is $26.87 and its 200 day simple moving average is $23.37.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. Sirius XM’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts expect that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a $0.27 dividend. 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 payout ratio is 45.57%.

Analyst Ratings Changes

SIRI has been the subject of several research reports. Weiss Ratings upgraded shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Citigroup reissued a “sell” rating and issued a $22.00 price objective (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. Evercore set a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 1st. Guggenheim reaffirmed a “buy” rating on shares of Sirius XM in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted 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. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus price target of $27.45.

Insiders Place Their Bets

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the sale, the insider directly owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.27% of the company’s stock.

Sirius XM Company 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.