Savant Capital LLC Lowers Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Savant Capital LLC decreased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 64.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,941 shares of the company's stock after selling 41,801 shares during the period. Savant Capital LLC's holdings in Sirius XM were worth $523,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SIRI. Coston McIsaac & Partners boosted its stake in shares of Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company's stock worth $27,000 after buying an additional 624 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM in the 4th quarter worth $26,000. TCTC Holdings LLC purchased a new position in shares of Sirius XM in the 3rd quarter worth $29,000. Geneos Wealth Management Inc. boosted its stake 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 buying an additional 1,144 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock worth $32,000 after buying an additional 1,315 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Guggenheim lowered their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their target price on Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Thursday, November 7th. Rosenblatt Securities lowered their target price on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Seaport Res Ptn downgraded Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Six research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.96.

Sirius XM Trading Down 0.0 %

NASDAQ SIRI traded down $0.01 during trading hours on Thursday, hitting $25.19. 3,540,386 shares of the company were exchanged, compared to its average volume of 5,790,657. The stock has a 50-day moving average price of $23.32 and a 200 day moving average price of $25.86. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $48.00. The stock has a market cap of $8.53 billion, a PE ratio of -3.93, a price-to-earnings-growth ratio of 0.83 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 forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.29%. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.

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.