Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Pentwater Capital Management LP

Pentwater Capital Management LP cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 450,000 shares of the company's stock after selling 232,507 shares during the quarter. Sirius XM makes up approximately 0.1% of Pentwater Capital Management LP's holdings, making the stock its 27th biggest holding. Pentwater Capital Management LP owned about 0.13% of Sirius XM worth $10,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Xponance Inc. increased its position in Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company's stock valued at $281,000 after purchasing an additional 527 shares during the period. PNC Financial Services Group Inc. raised its stake in Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock worth $339,000 after buying an additional 630 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in Sirius XM by 4.3% during the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock worth $358,000 after buying an additional 643 shares during the period. Proficio Capital Partners LLC boosted its position in Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock valued at $325,000 after acquiring an additional 791 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC increased its holdings in shares of Sirius XM by 5.8% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after acquiring an additional 837 shares during the period. Institutional investors own 10.69% of the company's stock.

Analysts Set New Price Targets

SIRI has been the subject of a number of analyst reports. Guggenheim decreased their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note 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. Morgan Stanley reduced their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Barrington Research reissued an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research report on Friday. Finally, Rosenblatt Securities cut their price target on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sirius XM has a consensus rating of "Hold" and a consensus target price of $26.65.

Sirius XM Stock Performance

Sirius XM stock traded up $0.97 during trading hours on Friday, hitting $20.47. 8,525,534 shares of the stock traded hands, compared to its average volume of 5,038,628. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of -3.19, a P/E/G ratio of 0.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm's 50 day moving average price is $22.08 and its 200-day moving average price is $23.91.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted 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). The business had revenue of $2.07 billion for 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 business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. As a group, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.28%. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.

About Sirius XM

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.