Loomis Sayles & Co. L P lowered its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 93.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,719 shares of the company's stock after selling 505,318 shares during the quarter. Loomis Sayles & Co. L P's holdings in Sirius XM were worth $792,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new stake in Sirius XM in the third quarter worth $1,637,000. Cerity Partners LLC grew its holdings in shares of Sirius XM by 11.1% in the third quarter. Cerity Partners LLC now owns 23,458 shares of the company's stock worth $555,000 after purchasing an additional 2,340 shares during the last quarter. Larson Financial Group LLC increased its stake in Sirius XM by 139.8% in the 3rd quarter. Larson Financial Group LLC now owns 3,187 shares of the company's stock worth $75,000 after buying an additional 1,858 shares during the period. FMR LLC lifted its holdings in Sirius XM by 472.6% during the 3rd quarter. FMR LLC now owns 497,514 shares of the company's stock valued at $11,766,000 after buying an additional 410,621 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Sirius XM in the 3rd quarter valued at about $921,000. Institutional investors own 10.69% of the company's stock.
Sirius XM Stock Up 2.0 %
Shares of SIRI stock traded up $0.43 during trading hours on Wednesday, reaching $22.39. 2,654,887 shares of the company's stock were exchanged, compared to its average volume of 4,746,590. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The stock's 50 day moving average is $23.98 and its 200-day moving average is $24.48. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market cap of $7.59 billion, a price-to-earnings ratio of -3.49, a P/E/G ratio of 0.79 and a beta of 1.06.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
Wall Street Analyst Weigh In
SIRI has been the subject of several research analyst reports. Guggenheim decreased their price target 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. Barrington Research set a $28.00 target price on Sirius XM in a research report on Friday, January 31st. Seaport Res Ptn downgraded Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Morgan Stanley decreased their price objective 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, Rosenblatt Securities lowered their price objective 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. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Sirius XM currently has a consensus rating of "Hold" and a consensus target price of $26.81.
Check Out Our Latest Analysis on SIRI
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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