JPMorgan Chase & Co. lessened its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,307,193 shares of the company's stock after selling 871,710 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.75% of Sirius XM worth $212,204,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of SIRI. Union Bancaire Privee UBP SA bought a new position in Sirius XM in the fourth quarter worth about $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Sirius XM during the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after purchasing an additional 1,144 shares during the last quarter. Gables Capital Management Inc. acquired a new position in Sirius XM during the 4th quarter valued at approximately $43,000. Finally, Avior Wealth Management LLC grew its stake in Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after buying an additional 1,810 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
SIRI has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. Seaport Res Ptn lowered shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Rosenblatt Securities dropped their price target 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 price objective on Sirius XM in a research report on Friday, January 31st. Finally, 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. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Sirius XM has an average rating of "Hold" and an average price target of $26.81.
Read Our Latest Stock Report on SIRI
Sirius XM Price Performance
Shares of Sirius XM stock traded down $1.62 during trading on Friday, hitting $19.51. The stock had a trading volume of 9,239,387 shares, compared to its average volume of 4,825,474. The business has a fifty day moving average of $23.91 and a two-hundred day moving average 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 P/E ratio of -3.04, a PEG ratio of 0.79 and a beta of 0.98. 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 issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 5.54%. Sirius XM's dividend payout ratio (DPR) is -16.85%.
Sirius XM 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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