Diametric Capital LP trimmed its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 72.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,440 shares of the company's stock after selling 38,465 shares during the quarter. Diametric Capital LP's holdings in Sirius XM were worth $329,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Xponance Inc. raised its stake in shares of Sirius XM by 4.5% in the fourth quarter. Xponance Inc. now owns 12,341 shares of the company's stock valued at $281,000 after acquiring an additional 527 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Sirius XM by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock valued at $339,000 after purchasing an additional 630 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after buying an additional 643 shares during the period. Proficio Capital Partners LLC grew its position in shares of Sirius XM by 5.9% during the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock worth $325,000 after buying an additional 791 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC increased its stake in shares of Sirius XM by 5.8% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock worth $348,000 after buying an additional 837 shares during the period. 10.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on SIRI shares. Rosenblatt Securities decreased their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price objective 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. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Morgan Stanley decreased their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. Finally, Seaport Res Ptn downgraded Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $26.81.
Check Out Our Latest Stock Report on SIRI
Sirius XM Stock Performance
Shares of Sirius XM stock traded down $1.62 during trading on Friday, reaching $19.51. The company's stock had a trading volume of 9,239,387 shares, compared to its average volume of 4,825,474. The company has a 50-day moving average price of $23.91 and a two-hundred day moving average price of $24.42. Sirius XM Holdings Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $41.60. The firm has a market cap of $6.61 billion, a PE ratio of -3.04, a P/E/G ratio of 0.79 and a beta of 0.98. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 24.03% and a positive return on equity of 13.44%. On average, analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.27 per share. 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 5.54%. Sirius XM's payout ratio is -16.85%.
Sirius XM Company 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.
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