SG Americas Securities LLC Has $797,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

SG Americas Securities LLC decreased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 87.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,967 shares of the company's stock after selling 255,013 shares during the period. SG Americas Securities LLC's holdings in Sirius XM were worth $797,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sessa Capital IM L.P. bought a new stake in shares of Sirius XM in the 3rd quarter valued at approximately $77,983,000. Thompson Siegel & Walmsley LLC acquired a new stake in Sirius XM in the third quarter valued at approximately $67,598,000. Seizert Capital Partners LLC bought a new stake in Sirius XM in the third quarter worth approximately $46,173,000. Marshall Wace LLP acquired a new position in shares of Sirius XM during the 2nd quarter worth $3,616,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Sirius XM during the 2nd quarter valued at $3,041,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SIRI shares. Benchmark reissued a "buy" rating and set a $43.00 target price on shares of Sirius XM in a research report on Tuesday, October 15th. Wells Fargo & Company lowered their price objective on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price on Sirius XM from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Thursday, November 7th. Rosenblatt Securities lifted their price target on shares of Sirius XM from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. Finally, StockNews.com assumed coverage on shares of Sirius XM in a report on Wednesday, November 13th. They set a "sell" rating for the company. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Sirius XM presently has an average rating of "Hold" and a consensus target price of $27.35.

Sirius XM Stock Performance

Shares of NASDAQ SIRI traded up $1.27 during mid-day trading on Thursday, hitting $23.11. The company had a trading volume of 12,561,768 shares, compared to its average volume of 5,217,538. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $53.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $7.84 billion, a P/E ratio of -3.65, a PEG ratio of 1.11 and a beta of 1.05. The business's 50-day simple moving average is $23.72 and its 200-day simple moving average is $26.97.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 68.38% and a negative net margin of 23.02%. As a group, analysts predict that Sirius XM Holdings Inc. will post -6 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -17.03%.

About Sirius XM

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.