Invesco Ltd. Cuts Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Invesco Ltd. lowered its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 251,211 shares of the company's stock after selling 20,783 shares during the quarter. Invesco Ltd. owned about 0.07% of Sirius XM worth $5,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SIRI. Union Bancaire Privee UBP SA bought a new position in Sirius XM during the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. purchased a new stake in shares of Sirius XM during the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after acquiring an additional 1,144 shares during the last quarter. Gables Capital Management Inc. purchased a new position in shares of Sirius XM in the fourth quarter valued at $43,000. Finally, Avior Wealth Management LLC increased its position in Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after purchasing an additional 1,810 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Sirius XM Price Performance

Sirius XM stock opened at $21.67 on Friday. The stock 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. The firm has a 50-day moving average of $22.39 and a two-hundred day moving average of $24.02. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. 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 (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 the consensus estimate 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%. On average, research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.

Analysts Set New Price Targets

A number of equities analysts have commented on SIRI shares. Guggenheim dropped their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Morgan Stanley reduced their price objective on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research note on Thursday, January 23rd. Barrington Research set a $28.00 price objective on Sirius XM in a research note on Friday, January 31st. Rosenblatt Securities cut their target price on 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, Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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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