FPR Partners LLC reduced its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,352,520 shares of the company's stock after selling 23,032 shares during the quarter. Sirius XM comprises 15.9% of FPR Partners LLC's investment portfolio, making the stock its 3rd biggest position. FPR Partners LLC owned about 1.88% of Sirius XM worth $144,837,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of SIRI. Union Bancaire Privee UBP SA purchased a new stake in shares of Sirius XM during the fourth quarter worth $26,000. First Command Advisory Services Inc. purchased a new stake in Sirius XM during the 4th quarter worth about $30,000. Geneos Wealth Management Inc. boosted its stake in Sirius XM by 574.9% in the 4th 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 period. Itau Unibanco Holding S.A. boosted its stake in Sirius XM by 255.5% in 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. purchased a new position in Sirius XM during the 4th quarter valued at about $43,000. 10.69% of the stock is owned by institutional investors.
Analyst Ratings Changes
SIRI has been the subject of a number of analyst reports. Guggenheim cut their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Rosenblatt Securities lowered their price objective 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. Barrington Research restated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 2nd. Finally, Morgan Stanley decreased their target price on 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 research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.65.
Check Out Our Latest Report on SIRI
Sirius XM Trading Down 0.7 %
Shares of SIRI stock traded down $0.15 on Friday, hitting $21.57. 3,552,736 shares of the company's stock traded hands, compared to its average volume of 5,118,614. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of -3.37, a P/E/G ratio of 0.79 and a beta of 0.90. The company's fifty day simple moving average is $21.74 and its 200 day simple moving average is $23.64. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.
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 the consensus estimate of $0.70 by ($0.11). The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The firm's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 EPS. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's dividend payout ratio is -16.56%.
About Sirius XM
(
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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