Wittenberg Investment Management Inc. decreased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122,086 shares of the company's stock after selling 146,397 shares during the quarter. Sirius XM accounts for about 10.1% of Wittenberg Investment Management Inc.'s holdings, making the stock its 3rd biggest position. Wittenberg Investment Management Inc. owned about 0.33% of Sirius XM worth $25,584,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in Sirius XM by 21.2% in the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after buying an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA lifted its stake in shares of Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock valued at $26,123,000 after purchasing an additional 981,517 shares in the last quarter. Legato Capital Management LLC increased its position in Sirius XM by 21.9% during the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after purchasing an additional 15,342 shares in the last quarter. Franklin Resources Inc. raised its holdings in Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after buying an additional 58,993 shares during the period. Finally, MBA Advisors LLC purchased a new stake in Sirius XM during the fourth quarter worth approximately $228,000. Institutional investors and hedge funds own 10.69% of the company's stock.
Sirius XM Stock Performance
Shares of NASDAQ:SIRI traded up $0.50 during trading on Wednesday, reaching $19.84. 2,543,709 shares of the company's stock traded hands, compared to its average volume of 4,858,812. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a 50 day moving average of $23.78 and a 200-day moving average of $24.33. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $41.60. The stock has a market capitalization of $6.72 billion, a P/E ratio of -3.10, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly 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 negative net margin of 24.03% and a positive return on equity of 13.44%. On average, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio is currently -16.85%.
Analysts Set New Price Targets
A number of analysts recently weighed in on SIRI shares. Wells Fargo & Company decreased their price target on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research report on Thursday, December 19th. Barrington Research set a $28.00 price target on shares of Sirius XM in a report on Friday, January 31st. Seaport Res Ptn downgraded shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Finally, Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.81.
View Our Latest Stock Report on SIRI
Sirius XM Company Profile
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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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