Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock Position Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,401,590 shares of the company's stock after selling 161,274 shares during the period. Dimensional Fund Advisors LP owned about 0.71% of Sirius XM worth $54,756,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after buying an additional 58,993 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Sirius XM in the 4th quarter worth about $241,000. Central Pacific Bank Trust Division bought a new stake in Sirius XM in the 4th quarter valued at about $104,000. First Hawaiian Bank acquired a new position in Sirius XM during the 4th quarter valued at about $454,000. Finally, Miracle Mile Advisors LLC acquired a new position in Sirius XM during the 4th quarter valued at about $268,000. 10.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sirius XM Trading Up 0.8 %

SIRI stock traded up $0.18 during mid-day trading on Tuesday, reaching $21.47. 4,804,393 shares of the stock traded hands, compared to its average volume of 5,051,188. The stock's fifty day moving average is $21.94 and its 200-day moving average is $23.78. The company has a market cap of $7.27 billion, a P/E ratio of -3.35, a P/E/G ratio of 0.79 and a beta of 0.90. 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 52-week low of $18.69 and a 52-week high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted 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). Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business posted $0.07 EPS. The company's revenue for the quarter was down 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's payout ratio 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.