Gabelli Funds LLC cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 712,676 shares of the company's stock after selling 203,428 shares during the period. Gabelli Funds LLC owned approximately 0.21% of Sirius XM worth $16,249,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM in the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Sirius XM in the fourth quarter valued at $30,000. Geneos Wealth Management Inc. increased its position in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after acquiring an additional 1,144 shares in the last quarter. Gables Capital Management Inc. bought a new position in Sirius XM in the 4th quarter worth approximately $43,000. Finally, Avior Wealth Management LLC lifted its stake in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock valued at $47,000 after acquiring an additional 1,810 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Guggenheim decreased their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price objective on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $26.81.
Read Our Latest Stock Analysis on Sirius XM
Sirius XM Price Performance
Sirius XM stock traded up $0.23 during mid-day trading on Friday, reaching $20.31. The company had a trading volume of 2,963,231 shares, compared to its average volume of 4,966,003. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The company has a market cap of $6.88 billion, a P/E ratio of -3.17, a P/E/G ratio of 0.79 and a beta of 0.98. The business has a fifty day simple moving average of $22.96 and a 200 day simple moving average of $24.10.
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%. On average, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders 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 5.32%. Sirius XM's payout ratio is currently -16.85%.
About Sirius XM
(
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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