Brandywine Global Investment Management LLC Purchases 150,744 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Brandywine Global Investment Management LLC boosted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,218,017 shares of the company's stock after buying an additional 150,744 shares during the period. Brandywine Global Investment Management LLC owned about 0.65% of Sirius XM worth $50,571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pictet Asset Management Holding SA grew its position in Sirius XM by 14.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,035 shares of the company's stock worth $776,000 after acquiring an additional 4,225 shares during the last quarter. Norges Bank acquired a new stake in shares of Sirius XM in the fourth quarter valued at $28,269,000. Caisse Des Depots ET Consignations bought a new position in shares of Sirius XM in the fourth quarter valued at about $741,000. Weaver C. Barksdale & Associates Inc. acquired a new position in Sirius XM during the 4th quarter worth about $1,148,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Sirius XM during the 4th quarter worth about $74,000. Institutional investors own 10.69% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley decreased their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Seaport Res Ptn cut shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Rosenblatt Securities cut their price objective on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. Finally, Guggenheim decreased 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.81.

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Sirius XM Stock Down 4.3 %

Shares of Sirius XM stock traded down $0.95 on Thursday, hitting $21.38. The company had a trading volume of 3,235,584 shares, compared to its average volume of 4,757,657. The firm has a market capitalization of $7.24 billion, a P/E ratio of -3.34, a P/E/G ratio of 0.79 and a beta of 1.06. The stock has a 50-day moving average of $23.98 and a 200-day moving average of $24.47. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month 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.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 5.05%. Sirius XM's dividend payout ratio is -16.85%.

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.