Guardian Wealth Management Inc. Sells 15,982 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Guardian Wealth Management Inc. lowered its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 55.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,009 shares of the company's stock after selling 15,982 shares during the period. Guardian Wealth Management Inc.'s holdings in Sirius XM were worth $297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Union Bancaire Privee UBP SA bought a new stake in Sirius XM in the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new position in Sirius XM in the 4th quarter valued at $30,000. Geneos Wealth Management Inc. grew its position in shares of Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Gables Capital Management Inc. bought a new position in Sirius XM during the fourth quarter worth $43,000. Finally, Avior Wealth Management LLC raised its position in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock valued at $47,000 after buying an additional 1,810 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on SIRI shares. Rosenblatt Securities dropped their price objective 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. Guggenheim reduced 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. Barrington Research set a $28.00 target price on Sirius XM in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, 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 research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sirius XM currently has an average rating of "Hold" and an average price target of $26.81.

Sirius XM Stock Up 1.5 %

Shares of SIRI traded up $0.31 during midday trading on Friday, hitting $21.67. The stock had a trading volume of 3,018,415 shares, compared to its average volume of 4,994,934. The company has a 50 day simple moving average of $22.39 and a two-hundred day simple moving average of $24.02. 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 twelve month low of $18.69 and a twelve month high of $41.60. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of -3.38, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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 anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

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

Sirius XM 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.