Impax Asset Management Group plc Takes $842,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Impax Asset Management Group plc bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 154,000 shares of the company’s stock, valued at approximately $842,000.

Several other institutional investors also recently bought and sold shares of SIRI. Sequoia Financial Advisors LLC boosted its stake in shares of Sirius XM by 6.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 59,962 shares of the company’s stock valued at $328,000 after purchasing an additional 3,746 shares during the period. International Assets Investment Management LLC boosted its position in Sirius XM by 449.7% in the 4th quarter. International Assets Investment Management LLC now owns 13,320 shares of the company’s stock valued at $73,000 after buying an additional 10,897 shares during the period. Pinkerton Retirement Specialists LLC grew its stake in shares of Sirius XM by 33.0% in the fourth quarter. Pinkerton Retirement Specialists LLC now owns 76,529 shares of the company’s stock worth $419,000 after acquiring an additional 18,968 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Sirius XM by 160.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 131,591 shares of the company’s stock worth $720,000 after acquiring an additional 81,155 shares during the period. Finally, RKL Wealth Management LLC purchased a new stake in shares of Sirius XM during the fourth quarter worth $240,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Price Performance

NASDAQ SIRI opened at $3.34 on Friday. Sirius XM Holdings Inc. has a 12 month low of $3.27 and a 12 month high of $7.95. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04. The firm’s fifty day moving average price is $4.26 and its 200 day moving average price is $4.69.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.30 billion. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 0.29 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.0266 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.19%. Sirius XM’s payout ratio is 31.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SIRI shares. StockNews.com assumed coverage on Sirius XM in a research note on Friday, April 5th. They set a “hold” rating for the company. Citigroup boosted their price objective on Sirius XM from $3.60 to $4.10 and gave the stock a “sell” rating in a research report on Friday, January 12th. Benchmark cut their target price on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. 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 note on Monday, April 1st. Finally, Guggenheim initiated coverage on shares of Sirius XM in a research report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price objective on the stock. Four 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.70.

Insider Transactions at Sirius XM

In other news, Director James E. Meyer sold 800,000 shares of the business’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 value of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares of the company’s stock, valued at $5,370,042.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director James E. Meyer sold 800,000 shares of the business’s 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 transaction, the director now directly owns 1,091,472 shares in the company, valued at $5,370,042.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 746,816 shares in the company, valued at approximately $3,659,398.40. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

Sirius XM 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.