Charles Schwab Investment Management Inc. Sells 99,560 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Charles Schwab Investment Management Inc. decreased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,577,572 shares of the company's stock after selling 99,560 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.47% of Sirius XM worth $35,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SIRI. Sessa Capital IM L.P. acquired a new position in Sirius XM during the third quarter worth $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in Sirius XM in the 3rd quarter valued at about $67,598,000. Seizert Capital Partners LLC acquired a new position in Sirius XM during the 3rd quarter valued at about $46,173,000. Alberta Investment Management Corp increased its holdings in Sirius XM by 2.9% during the 4th quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company's stock worth $29,014,000 after purchasing an additional 36,300 shares in the last quarter. Finally, Wittenberg Investment Management Inc. increased its stake in Sirius XM by 161.1% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company's stock valued at $30,000,000 after buying an additional 782,678 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on SIRI. Seaport Res Ptn cut shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Wells Fargo & Company dropped their target price on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research report on Thursday, December 19th. Morgan Stanley lowered their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. Rosenblatt Securities decreased their target price on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, Barrington Research set a $28.00 price target on shares of Sirius XM in a research report on Friday, January 31st. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.81.

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Sirius XM Trading Up 1.7 %

SIRI stock traded up $0.38 during trading on Monday, reaching $23.05. The company had a trading volume of 3,786,840 shares, compared to its average volume of 4,549,367. 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 Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $41.60. The business has a 50 day moving average of $23.66 and a 200 day moving average of $24.97. The company has a market cap of $7.81 billion, a P/E ratio of -3.60, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released 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%. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Friday, February 7th. Sirius XM's payout ratio is -16.85%.

Sirius XM Company 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.