Amundi reduced its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 79.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,291 shares of the company's stock after selling 231,750 shares during the quarter. Amundi's holdings in Sirius XM were worth $1,321,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock valued at $339,000 after buying an additional 630 shares during the period. Wealthspire Advisors LLC raised its stake in shares of Sirius XM by 4.3% in the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after buying an additional 643 shares during the period. Proficio Capital Partners LLC raised its stake in shares of 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 buying an additional 791 shares during the period. Mill Creek Capital Advisors LLC raised its stake in shares of Sirius XM by 5.8% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after buying an additional 837 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after buying an additional 1,144 shares during the period. 10.69% of the stock is currently owned by institutional investors.
Sirius XM Price Performance
Sirius XM stock traded up $0.43 during midday trading on Friday, hitting $23.47. 8,208,324 shares of the company's stock were exchanged, compared to its average volume of 4,606,009. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $41.60. The stock has a 50-day moving average price of $23.76 and a two-hundred day moving average price of $24.74. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $7.95 billion, a P/E ratio of -3.66, a PEG ratio of 0.79 and a beta of 1.06.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate 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%. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's payout ratio is currently -16.85%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on SIRI. Guggenheim lowered their target price 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. Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research note on Thursday, January 23rd. Rosenblatt Securities decreased their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Barrington Research set a $28.00 price objective on Sirius XM in a research note on Friday, January 31st. Finally, Wells Fargo & Company decreased their price objective on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $26.81.
Check Out Our Latest Research Report on Sirius XM
Sirius XM Company Profile
(
Free Report)
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.
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