Harvest Fund Management Co. Ltd Purchases 3,497 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Harvest Fund Management Co. Ltd boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 11.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,735 shares of the company’s stock after buying an additional 3,497 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Sirius XM were worth $184,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Northern Trust Corp grew its position 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 worth $50,878,000 after buying an additional 1,776,700 shares during the period. Louisiana State Employees Retirement System acquired a new position in Sirius XM during the fourth quarter worth approximately $1,669,000. O Shaughnessy Asset Management LLC lifted its position in Sirius XM by 16.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 24,392 shares of the company’s stock worth $110,000 after acquiring an additional 3,495 shares during the last quarter. TIAA Trust National Association grew its stake in shares of Sirius XM by 92.9% in the fourth quarter. TIAA Trust National Association now owns 39,783 shares of the company’s stock valued at $218,000 after acquiring an additional 19,161 shares in the last quarter. Finally, ING Groep NV acquired a new stake in Sirius XM in the 3rd quarter worth about $2,110,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of Sirius XM stock opened at $3.15 on Thursday. The business has a 50-day simple moving average of $3.92 and a 200 day simple moving average of $4.62. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.07 and a beta of 1.04. Sirius XM Holdings Inc. has a one year low of $3.04 and a one year high of $7.95.

Sirius XM (NASDAQ:SIRI) last posted its 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. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.30 billion. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. On average, sell-side analysts expect that Sirius XM Holdings Inc. will post 0.29 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be issued a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a yield of 3.38%. Sirius XM’s dividend payout ratio (DPR) is currently 34.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SIRI. Guggenheim started coverage on shares of Sirius XM in a research report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 target price for the company. Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and cut their price target for the stock from $5.05 to $4.90 in a report on Wednesday. StockNews.com initiated coverage on Sirius XM in a research report on Sunday. They set a “hold” rating for the company. Wells Fargo & Company decreased their price target on 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, Benchmark lowered their price objective 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.67.

Insider Activity at Sirius XM

In other Sirius XM news, 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 transaction of $527,293.90. Following the transaction, the insider now directly owns 746,816 shares of the company’s stock, valued at approximately $3,659,398.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sirius XM news, 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 transaction of $527,293.90. Following the transaction, the insider now owns 746,816 shares of the company’s stock, valued at approximately $3,659,398.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James E. Meyer sold 800,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $4.92, for a total value of $3,936,000.00. Following the sale, the director now directly owns 1,091,472 shares of the company’s stock, valued at $5,370,042.24. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.

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.