MassMutual Private Wealth & Trust FSB trimmed its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 98.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,312 shares of the company's stock after selling 135,659 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Sirius XM were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Putney Financial Group LLC acquired a new stake in Sirius XM during the fourth quarter worth $27,000. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM during the fourth quarter worth $26,000. First Command Advisory Services Inc. acquired a new stake in Sirius XM during the fourth quarter worth $30,000. Itau Unibanco Holding S.A. boosted its stake in Sirius XM by 255.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after buying an additional 1,321 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in Sirius XM during the fourth quarter worth $43,000. 10.69% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Barrington Research restated an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research note on Friday, May 2nd. Finally, Rosenblatt Securities reduced their target price on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.65.
Get Our Latest Stock Report on SIRI
Insiders Place Their Bets
In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $36,767.77. Following the completion of the sale, the director now directly owns 15,471 shares of the company's stock, valued at approximately $344,539.17. The trade was a 9.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.32% of the company's stock.
Sirius XM Price Performance
Shares of Sirius XM stock traded up $0.17 during trading on Wednesday, reaching $21.78. The company's stock had a trading volume of 1,933,973 shares, compared to its average volume of 5,118,627. The stock has a 50-day moving average price of $21.29 and a two-hundred day moving average price of $23.10. 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 one year low of $18.69 and a one year high of $41.60. The stock has a market capitalization of $7.36 billion, a P/E ratio of -3.40, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (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 business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm earned $0.07 earnings per share. The business's quarterly revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.
Sirius XM Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 4.96%. Sirius XM's dividend payout ratio is currently -16.56%.
Sirius XM Profile
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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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