Alliancebernstein L.P. Sells 762,067 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Alliancebernstein L.P. reduced its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 88.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,149 shares of the company's stock after selling 762,067 shares during the period. Alliancebernstein L.P.'s holdings in Sirius XM were worth $2,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Xponance Inc. boosted its holdings in Sirius XM by 4.5% during the fourth quarter. Xponance Inc. now owns 12,341 shares of the company's stock worth $281,000 after buying an additional 527 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock worth $339,000 after purchasing an additional 630 shares during the period. Wealthspire Advisors LLC increased its position in shares of Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after buying an additional 643 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Sirius XM by 5.9% in the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock valued at $325,000 after acquiring an additional 791 shares during the period. Finally, Mill Creek Capital Advisors LLC lifted its holdings in shares of Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after purchasing an additional 837 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Trading Down 0.2 %

NASDAQ SIRI traded down $0.05 on Tuesday, reaching $20.11. The company had a trading volume of 225,257 shares, compared to its average volume of 4,950,662. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of -3.14, a P/E/G ratio of 0.79 and a beta of 0.98. The business has a 50 day moving average of $22.85 and a two-hundred day moving average of $24.09.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.37%. Sirius XM's payout ratio is -16.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley reduced their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, January 23rd. Barrington Research set a $28.00 price target on shares of Sirius XM in a research report on Friday, January 31st. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Guggenheim dropped their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, Rosenblatt Securities cut their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.81.

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.