Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lowered its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 48.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 650,722 shares of the company's stock after selling 600,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.19% of Sirius XM worth $14,836,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM during the 4th quarter valued at approximately $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Sirius XM in the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. increased its stake in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after purchasing an additional 1,144 shares in the last quarter. Gables Capital Management Inc. acquired a new position in shares of Sirius XM during the 4th quarter worth about $43,000. Finally, Avior Wealth Management LLC lifted its stake in Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock valued at $47,000 after buying an additional 1,810 shares in the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Trading Up 1.5 %

Sirius XM stock opened at $21.67 on Friday. The stock has a market cap of $7.34 billion, a PE ratio of -3.38, a P/E/G ratio of 0.79 and a beta of 0.98. 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 stock has a 50-day moving average price of $22.39 and a 200 day moving average price of $24.02. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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%. Equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.98%. Sirius XM's payout ratio is -16.85%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Guggenheim decreased their price target on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. Rosenblatt Securities reduced their price target on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, Barrington Research set a $28.00 price objective on Sirius XM in a report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, four have issued 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, Sirius XM currently has an average rating of "Hold" and a consensus price target 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.

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