Camelot Portfolios LLC lessened its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,344 shares of the company's stock after selling 11,274 shares during the quarter. Sirius XM accounts for approximately 1.8% of Camelot Portfolios LLC's investment portfolio, making the stock its 11th biggest position. Camelot Portfolios LLC's holdings in Sirius XM were worth $1,695,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC acquired a new position in shares of Sirius XM in the fourth quarter valued at approximately $240,000. Hardy Reed LLC acquired a new position in Sirius XM during the 4th quarter worth about $355,000. Handelsbanken Fonder AB grew its position in shares of Sirius XM by 7.3% in the 4th quarter. Handelsbanken Fonder AB now owns 53,061 shares of the company's stock valued at $1,210,000 after buying an additional 3,608 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of Sirius XM in the fourth quarter valued at about $1,541,000. Finally, Private Advisor Group LLC acquired a new position in shares of Sirius XM in the fourth quarter worth approximately $237,000. Institutional investors own 10.69% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on SIRI shares. Rosenblatt Securities lowered their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th. Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. 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. Finally, Wells Fargo & Company reduced their price target on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research report on Thursday, December 19th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.81.
View Our Latest Stock Analysis on Sirius XM
Sirius XM Stock Down 1.6 %
NASDAQ:SIRI traded down $0.38 during mid-day trading on Wednesday, hitting $24.13. 3,613,559 shares of the company's stock were exchanged, compared to its average volume of 5,619,778. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $47.45. The business has a fifty day moving average price of $23.43 and a 200 day moving average price of $25.65. The company has a market cap of $8.17 billion, a PE ratio of -3.76, a P/E/G ratio of 0.79 and a beta of 1.06. 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 results on Thursday, January 30th. The company reported $0.83 earnings per share 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%. Equities analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Dividend Announcement
The company 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. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.48%. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
Sirius XM 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.
Read More
Before you consider Sirius XM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sirius XM wasn't on the list.
While Sirius XM currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
