Deutsche Bank AG lowered its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,972 shares of the company's stock after selling 133,744 shares during the period. Deutsche Bank AG owned about 0.05% of Sirius XM worth $3,898,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in SIRI. Berkshire Hathaway Inc increased its holdings in Sirius XM by 11.7% during the fourth quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock worth $2,678,283,000 after buying an additional 12,313,544 shares during the last quarter. Geode Capital Management LLC increased its holdings in Sirius XM by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock worth $89,284,000 after buying an additional 154,765 shares during the last quarter. Seizert Capital Partners LLC increased its holdings in Sirius XM by 16.3% during the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company's stock worth $51,747,000 after buying an additional 317,289 shares during the last quarter. LSV Asset Management purchased a new stake in Sirius XM during the fourth quarter worth about $51,535,000. Finally, Brandywine Global Investment Management LLC increased its holdings in Sirius XM by 7.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company's stock worth $50,571,000 after buying an additional 150,744 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on SIRI. Guggenheim decreased their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Rosenblatt Securities decreased their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Barrington Research restated an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd. Six 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 given a strong buy rating to the company. According to data from MarketBeat.com, Sirius XM presently has an average rating of "Hold" and an average price target of $26.65.
Check Out Our Latest Analysis on SIRI
Sirius XM Price Performance
Shares of SIRI stock traded down $0.20 during trading hours on Friday, reaching $21.84. The stock had a trading volume of 2,045,869 shares, compared to its average volume of 5,150,053. The stock's fifty day simple moving average is $21.53 and its 200 day simple moving average is $23.30. 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 12 month low of $18.69 and a 12 month high of $41.60. The firm has a market capitalization of $7.38 billion, a PE ratio of -3.41, a PEG ratio of 0.79 and a beta of 0.90.
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). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the business posted $0.07 earnings per share. Sirius XM's revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 4.95%. Sirius XM's payout ratio is presently -16.56%.
Sirius XM Company 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.
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