Guardian Wealth Management Inc. Has $297,000 Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Guardian Wealth Management Inc. lessened its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 55.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,009 shares of the company's stock after selling 15,982 shares during the period. Guardian Wealth Management Inc.'s holdings in Sirius XM were worth $297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LSV Asset Management acquired a new stake in shares of Sirius XM in the 4th quarter worth about $51,535,000. Norges Bank acquired a new position in shares of Sirius XM during the fourth quarter valued at approximately $28,269,000. Check Capital Management Inc. CA raised its holdings in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after purchasing an additional 981,517 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in Sirius XM by 43.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,068,251 shares of the company's stock valued at $47,156,000 after purchasing an additional 625,044 shares in the last quarter. Finally, Capital Management Corp VA purchased a new position in shares of Sirius XM in the fourth quarter worth approximately $11,339,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Stock Performance

Shares of Sirius XM stock traded down $0.25 during trading on Tuesday, reaching $21.52. The company's stock had a trading volume of 1,057,582 shares, compared to its average volume of 5,142,244. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of -3.36, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. The business's fifty day moving average price is $22.32 and its 200-day moving average price is $23.99. 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 issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

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 issued a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.02%. Sirius XM's dividend payout ratio is -16.85%.

Analyst Ratings Changes

Several analysts have recently commented on SIRI shares. Morgan Stanley decreased their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, January 23rd. Barrington Research set a $28.00 target price on Sirius XM in a research note on Friday, January 31st. Guggenheim reduced their price target 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 research report on Tuesday, April 8th. Finally, Rosenblatt Securities cut their target price on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.81.

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.