Sanctuary Advisors LLC cut its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,003 shares of the company's stock after selling 11,445 shares during the period. Sanctuary Advisors LLC's holdings in Sirius XM were worth $2,565,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of SIRI. Blue Trust Inc. raised its position in shares of Sirius XM by 113.6% in the third quarter. Blue Trust Inc. now owns 3,644 shares of the company's stock valued at $86,000 after buying an additional 1,938 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Sirius XM by 388.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,912 shares of the company's stock valued at $116,000 after acquiring an additional 3,906 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Sirius XM by 137.6% in the third quarter. International Assets Investment Management LLC now owns 5,865 shares of the company's stock valued at $139,000 after buying an additional 3,397 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sirius XM in the third quarter worth approximately $1,870,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Sirius XM by 575.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 267,449 shares of the company's stock worth $6,325,000 after purchasing an additional 227,829 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on SIRI. JPMorgan Chase & Co. lifted their price objective on shares of Sirius XM from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their price objective on shares of Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, November 4th. StockNews.com assumed coverage on Sirius XM in a report on Wednesday, November 13th. They set a "sell" rating for the company. Wells Fargo & Company dropped their target price on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research note on Thursday, December 19th. Finally, Guggenheim decreased their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.81.
View Our Latest Stock Analysis on SIRI
Sirius XM Stock Performance
Shares of SIRI traded down $0.48 during mid-day trading on Wednesday, reaching $24.03. 1,310,050 shares of the company's stock traded hands, compared to its average volume of 5,555,583. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $47.45. The stock has a market capitalization of $8.14 billion, a P/E ratio of -3.76, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The business's 50-day moving average price is $23.43 and its 200-day moving average price is $25.65. 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 issued its earnings results 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%. Equities 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 declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.49%. 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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