Headlands Technologies LLC Grows Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Headlands Technologies LLC boosted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5,860.7% in the 4th quarter, Holdings Channel reports. The fund owned 93,226 shares of the company’s stock after purchasing an additional 91,662 shares during the period. Headlands Technologies LLC’s holdings in Sirius XM were worth $510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Sirius XM by 482.9% during the 3rd quarter. AQR Capital Management LLC now owns 14,641,104 shares of the company’s stock valued at $66,178,000 after buying an additional 12,129,166 shares during the period. Northern Trust Corp grew its stake in shares of Sirius XM by 18.7% during the 3rd quarter. Northern Trust Corp now owns 11,256,094 shares of the company’s stock valued at $50,878,000 after buying an additional 1,776,700 shares during the period. New York State Common Retirement Fund grew its stake in shares of Sirius XM by 169.6% during the 3rd quarter. New York State Common Retirement Fund now owns 10,303,486 shares of the company’s stock valued at $46,572,000 after buying an additional 6,482,109 shares during the period. Berkshire Hathaway Inc purchased a new stake in shares of Sirius XM during the 3rd quarter valued at $43,768,000. Finally, Invesco Ltd. grew its stake in shares of Sirius XM by 24.1% during the 3rd quarter. Invesco Ltd. now owns 8,671,095 shares of the company’s stock valued at $39,193,000 after buying an additional 1,685,696 shares during the period. 10.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James E. Meyer sold 800,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the sale, the director now owns 1,091,472 shares in the company, valued at $5,370,042.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total transaction of $527,293.90. Following the sale, the insider now owns 746,816 shares in the company, valued at $3,659,398.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Meyer sold 800,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the sale, the director now owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Sirius XM Price Performance

SIRI stock remained flat at $3.02 during trading on Friday. 31,221,366 shares of the company’s stock were exchanged, compared to its average volume of 18,099,794. Sirius XM Holdings Inc. has a 52-week low of $2.97 and a 52-week high of $7.95. The firm has a market capitalization of $11.62 billion, a P/E ratio of 9.44, a P/E/G ratio of 1.02 and a beta of 1.04. The company has a fifty day moving average of $3.85 and a two-hundred day moving average of $4.60.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.30 billion. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. On average, research analysts expect that Sirius XM Holdings Inc. will post 0.29 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be paid a $0.0266 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.52%. Sirius XM’s dividend payout ratio (DPR) is presently 34.38%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Benchmark lowered their price objective on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Pivotal Research raised shares of Sirius XM from a “hold” rating to a “buy” rating and decreased their price target for the stock from $5.05 to $4.90 in a research report on Wednesday. Wells Fargo & Company decreased their price target on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research report on Monday, April 1st. Citigroup raised shares of Sirius XM from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $4.10 to $3.30 in a research report on Wednesday. Finally, Guggenheim began coverage on shares of Sirius XM in a research report on Thursday, March 14th. They set a “neutral” rating and a $4.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.67.

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.