Headlands Technologies LLC Boosts Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Headlands Technologies LLC boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5,860.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,226 shares of the company’s stock after acquiring an additional 91,662 shares during the quarter. Headlands Technologies LLC’s holdings in Sirius XM were worth $510,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of Sirius XM in the third quarter worth about $27,000. BKM Wealth Management LLC bought a new position in shares of Sirius XM in the fourth quarter worth about $27,000. Fidelis Capital Partners LLC bought a new position in shares of Sirius XM in the third quarter worth about $47,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of Sirius XM during the third quarter worth about $47,000. Finally, ORG Partners LLC purchased a new stake in shares of Sirius XM during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Insider Buying and Selling

In related news, Director James E. Meyer sold 800,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sirius XM news, Director James E. Meyer sold 800,000 shares of Sirius XM stock in a transaction on 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 completion of the sale, the director now directly owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the sale, the insider now directly owns 746,816 shares of the company’s stock, valued at $3,659,398.40. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com assumed coverage on Sirius XM in a research report on Sunday, April 21st. They set a “hold” rating for the company. Guggenheim assumed coverage on Sirius XM in a research report on Thursday, March 14th. They set a “neutral” rating and a $4.00 target price for the company. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and cut their target price for the stock from $5.05 to $4.90 in a research report on Wednesday. Wells Fargo & Company cut their target price on Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research report on Monday, April 1st. Finally, Benchmark cut their target price on Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $4.67.

Sirius XM Stock Performance

Shares of Sirius XM stock remained flat at $3.02 on Friday. The stock had a trading volume of 31,221,366 shares, compared to its average volume of 18,099,794. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.02 and a beta of 1.04. The firm’s 50-day simple moving average is $3.85 and its 200-day simple moving average is $4.60. Sirius XM Holdings Inc. has a 12-month low of $2.97 and a 12-month high of $7.95.

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

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be paid a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Thursday, May 9th. Sirius XM’s dividend payout ratio is currently 34.38%.

About Sirius XM

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.