Victory Capital Management Inc. Has $12.32 Million Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Victory Capital Management Inc. decreased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,252,223 shares of the company's stock after selling 663,565 shares during the period. Victory Capital Management Inc. owned 0.06% of Sirius XM worth $12,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Sirius XM in the 3rd quarter valued at approximately $27,000. BKM Wealth Management LLC bought a new stake in Sirius XM in the fourth quarter worth $27,000. Fidelis Capital Partners LLC bought a new position in Sirius XM during the third quarter valued at about $47,000. Garden State Investment Advisory Services LLC acquired a new stake in shares of Sirius XM in the third quarter worth about $47,000. Finally, ORG Partners LLC bought a new stake in shares of Sirius XM during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

Insiders Place Their Bets

In related news, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the sale, the insider now directly owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Sirius XM from $3.00 to $2.50 and set an "underweight" rating for the company in a report on Wednesday, May 1st. Seaport Res Ptn upgraded shares of Sirius XM from a "neutral" rating to a "buy" rating in a report on Monday, April 29th. Rosenblatt Securities lowered their price target on Sirius XM from $4.50 to $3.40 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Barrington Research reissued an "outperform" rating and set a $5.75 price objective on shares of Sirius XM in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group raised Sirius XM from a "sell" rating to a "neutral" rating and lowered their target price for the company from $3.50 to $3.25 in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.42.

Sirius XM Stock Performance

Shares of SIRI stock traded down $0.03 during mid-day trading on Friday, reaching $3.03. The company's stock had a trading volume of 8,854,404 shares, compared to its average volume of 18,899,364. The firm's 50-day moving average is $3.54 and its two-hundred day moving average is $4.49. Sirius XM Holdings Inc. has a 1-year low of $2.92 and a 1-year high of $7.95. The company has a market cap of $11.66 billion, a P/E ratio of 9.18, a PEG ratio of 0.99 and a beta of 1.10.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. Sell-side analysts anticipate that Sirius XM Holdings Inc. will post 0.31 EPS for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be issued a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, May 9th. Sirius XM's dividend payout ratio is currently 33.33%.

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.