First Trust Advisors LP Has $20.13 Million Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

First Trust Advisors LP lessened its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 883,081 shares of the company's stock after selling 221,386 shares during the quarter. First Trust Advisors LP owned approximately 0.26% of Sirius XM worth $20,134,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIRI. State of Alaska Department of Revenue lifted its holdings in shares of Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after purchasing an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA lifted its stake in Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after acquiring an additional 981,517 shares in the last quarter. Franklin Resources Inc. boosted its position in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after acquiring an additional 58,993 shares during the period. Legato Capital Management LLC grew its stake in Sirius XM by 21.9% during the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock valued at $1,949,000 after acquiring an additional 15,342 shares in the last quarter. Finally, MBA Advisors LLC acquired a new position in shares of Sirius XM in the 4th quarter valued at about $228,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Trading Up 1.5 %

Sirius XM stock opened at $21.67 on Friday. The stock has a 50-day simple moving average of $22.39 and a 200 day simple moving average of $24.02. The stock has a market capitalization of $7.34 billion, a P/E ratio of -3.38, a PEG ratio of 0.79 and a beta of 0.98. 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 Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping 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%. Analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's payout ratio is -16.85%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Rosenblatt Securities dropped their price objective on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Barrington Research set a $28.00 target price on shares of Sirius XM in a research report on Friday, January 31st. Guggenheim cut their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Finally, Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.81.

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.

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