Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,805 shares of the company's stock after selling 24,598 shares during the quarter. Commonwealth Equity Services LLC's holdings in Sirius XM were worth $2,982,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Natixis Advisors LLC bought a new stake in Sirius XM during the third quarter worth $1,029,000. Thrivent Financial for Lutherans bought a new position in shares of Sirius XM during the third quarter worth about $1,637,000. Commerce Bank acquired a new position in shares of Sirius XM in the 3rd quarter worth approximately $420,000. Cerity Partners LLC lifted its holdings in Sirius XM by 11.1% in the third quarter. Cerity Partners LLC now owns 23,458 shares of the company's stock valued at $555,000 after buying an additional 2,340 shares during the period. Finally, Algert Global LLC bought a new position in shares of Sirius XM during the 3rd quarter worth approximately $1,329,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on SIRI. Morgan Stanley reduced their price target on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, January 23rd. Barrington Research set a $28.00 price objective on Sirius XM in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price 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. Guggenheim decreased their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Rosenblatt Securities lowered their target price 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. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.81.

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Sirius XM Price Performance

Shares of Sirius XM stock traded down $1.15 during trading hours on Friday, hitting $22.67. The company's stock had a trading volume of 2,465,331 shares, compared to its average volume of 4,715,981. The business has a 50 day moving average price of $23.97 and a two-hundred day moving average price of $24.59. The company has a market cap of $7.68 billion, a PE ratio of -3.54, a PEG ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced 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 negative net margin of 24.03% and a positive return on equity of 13.44%. Analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders 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 dividend yield of 4.76%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio is currently -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.