abrdn plc lessened its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,272 shares of the company's stock after selling 9,726 shares during the period. abrdn plc's holdings in Sirius XM were worth $1,169,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in SIRI. Coston McIsaac & Partners lifted its holdings 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 valued at $27,000 after acquiring an additional 624 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings 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 valued at $31,000 after acquiring an additional 1,144 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM in the 4th quarter valued at about $26,000. Chicago Partners Investment Group LLC lifted its holdings in shares of Sirius XM by 7.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company's stock valued at $356,000 after acquiring an additional 1,202 shares during the last quarter. Finally, TCTC Holdings LLC bought a new position in shares of Sirius XM in the 3rd quarter valued at about $29,000. Institutional investors own 10.69% of the company's stock.
Sirius XM Trading Up 2.5 %
Shares of NASDAQ:SIRI traded up $0.67 during trading on Friday, reaching $27.11. 5,025,744 shares of the company were exchanged, compared to its average volume of 5,868,310. The firm has a market capitalization of $9.18 billion, a PE ratio of -4.23, a P/E/G ratio of 0.82 and a beta of 1.06. The business's fifty day simple moving average is $23.36 and its 200-day simple moving average is $26.11. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $49.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates 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, research analysts anticipate that Sirius XM Holdings Inc. will post 3.17 EPS for the current year.
Sirius XM Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.98%. Sirius XM's dividend payout ratio is presently -16.85%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on SIRI shares. Wells Fargo & Company lowered their price target on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. increased their price target on shares of Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. Barrington Research reissued an "outperform" rating and issued a $30.00 price objective on shares of Sirius XM in a research report on Thursday, January 30th. Seaport Res Ptn lowered shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, Bank of America reissued an "underperform" rating and issued a $23.00 price objective on shares of Sirius XM in a research report on Thursday, October 24th. Six equities 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $26.96.
Check Out Our Latest Stock Report on SIRI
Sirius XM Profile
(
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.
Further Reading
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