Bislett Management LLC cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 819,962 shares of the company's stock after selling 80,038 shares during the period. Sirius XM makes up approximately 13.2% of Bislett Management LLC's holdings, making the stock its 3rd biggest position. Bislett Management LLC owned about 0.24% of Sirius XM worth $18,695,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in SIRI. Union Bancaire Privee UBP SA acquired a new stake in shares of Sirius XM during the 4th quarter valued at $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Sirius XM during the fourth quarter worth $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Gables Capital Management Inc. acquired a new position in shares of Sirius XM in the 4th quarter valued at $43,000. Finally, Avior Wealth Management LLC increased its stake in Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after purchasing an additional 1,810 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have commented on SIRI shares. Wells Fargo & Company decreased their target price on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. Seaport Res Ptn lowered shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Morgan Stanley lowered their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Finally, Guggenheim reduced their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Six investment 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 presently has an average rating of "Hold" and an average target price of $26.81.
Check Out Our Latest Research Report on Sirius XM
Sirius XM Stock Performance
Shares of NASDAQ:SIRI traded down $1.62 during trading on Friday, reaching $19.51. The stock had a trading volume of 9,239,387 shares, compared to its average volume of 4,825,474. The stock has a fifty day simple moving average of $23.91 and a two-hundred day simple moving average of $24.42. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 52 week low of $19.01 and a 52 week high of $41.60. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of -3.04, a P/E/G ratio of 0.79 and a beta of 0.98.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced 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 negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is currently -16.85%.
Sirius XM Profile
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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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