Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC cut its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 52.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,745 shares of the company's stock after selling 50,488 shares during the quarter. Ancora Advisors LLC's holdings in Sirius XM were worth $1,043,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SIRI. Union Bancaire Privee UBP SA purchased a new stake in shares of Sirius XM in the fourth quarter valued at $26,000. First Command Advisory Services Inc. bought a new stake in shares of Sirius XM during the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. grew its holdings in shares of Sirius XM by 574.9% in 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 during the last quarter. Itau Unibanco Holding S.A. increased its holdings in Sirius XM by 255.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after purchasing an additional 1,321 shares during the period. Finally, Gables Capital Management Inc. bought a new position in Sirius XM during the 4th quarter worth about $43,000. Institutional investors own 10.69% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SIRI shares. Morgan Stanley cut their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Barrington Research reissued an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, May 2nd. Rosenblatt Securities cut their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Guggenheim decreased their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Six analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sirius XM currently has an average rating of "Hold" and an average target price of $26.65.

Sirius XM Price Performance

Sirius XM stock traded down $0.15 during midday trading on Friday, reaching $21.57. The company had a trading volume of 3,552,736 shares, compared to its average volume of 5,118,614. 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 Holdings Inc. has a 12-month low of $18.69 and a 12-month high of $41.60. The company has a market capitalization of $7.29 billion, a P/E ratio of -3.37, a P/E/G ratio of 0.79 and a beta of 0.90. The firm's fifty day simple moving average is $21.74 and its 200-day simple moving average is $23.64.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS 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 paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 5.01%. Sirius XM's dividend payout ratio (DPR) is -16.56%.

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.