Quaker Capital Investments LLC Sells 16,750 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Quaker Capital Investments LLC trimmed its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 44.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,937 shares of the company's stock after selling 16,750 shares during the quarter. Sirius XM accounts for 0.2% of Quaker Capital Investments LLC's portfolio, making the stock its 14th largest position. Quaker Capital Investments LLC's holdings in Sirius XM were worth $477,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. TD Private Client Wealth LLC bought a new position in shares of Sirius XM during the 3rd quarter worth $371,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sirius XM in the third quarter valued at about $5,489,000. Franklin Resources Inc. raised its position in shares of Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after buying an additional 58,993 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Sirius XM in the fourth quarter valued at $241,000. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Sirius XM during the fourth quarter worth approximately $104,000. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Performance

Shares of NASDAQ SIRI traded up $0.23 during midday trading on Friday, reaching $20.31. The company's stock had a trading volume of 2,963,231 shares, compared to its average volume of 4,950,820. Sirius XM Holdings Inc. has a 12-month low of $18.69 and a 12-month 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. The firm has a 50 day moving average price of $23.08 and a 200-day moving average price of $24.11. The stock has a market capitalization of $6.88 billion, a P/E ratio of -3.17, a PEG ratio of 0.79 and a beta of 0.98.

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 negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, equities analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.32%. Sirius XM's dividend payout ratio is currently -16.85%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SIRI. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. Guggenheim reduced 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. Rosenblatt Securities lowered their target price 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. Finally, Barrington Research set a $28.00 price target on Sirius XM in a report on Friday, January 31st. Six analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus 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.