Rhumbline Advisers decreased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,993 shares of the company's stock after selling 36,967 shares during the period. Rhumbline Advisers owned 0.08% of Sirius XM worth $5,882,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Sessa Capital IM L.P. acquired a new position in Sirius XM in the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Sirius XM in the third quarter valued at about $67,598,000. Seizert Capital Partners LLC purchased a new stake in shares of Sirius XM during the 3rd quarter worth approximately $46,173,000. Wittenberg Investment Management Inc. boosted its position in Sirius XM by 161.1% during the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company's stock worth $30,000,000 after purchasing an additional 782,678 shares in the last quarter. Finally, Whitebox Advisors LLC boosted its position in shares of Sirius XM by 310.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company's stock worth $27,829,000 after buying an additional 890,048 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on SIRI. Seaport Res Ptn downgraded shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Rosenblatt Securities cut their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. StockNews.com began coverage on shares of Sirius XM in a report on Wednesday, November 13th. They set a "sell" rating on the stock. Barrington Research set a $28.00 price target on Sirius XM in a report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their target price on Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Six investment 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.81.
Check Out Our Latest Stock Report on SIRI
Sirius XM Stock Performance
Shares of Sirius XM stock traded up $0.27 during trading on Friday, reaching $24.19. The company's stock had a trading volume of 3,846,639 shares, compared to its average volume of 5,514,297. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $45.00. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of -3.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The business's fifty day moving average price is $23.57 and its 200-day moving average price is $25.56. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current 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 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%. As a group, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.46%. Sirius XM's payout ratio is -16.85%.
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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