Adage Capital Partners GP L.L.C. Sells 600,000 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Adage Capital Partners GP L.L.C. decreased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 48.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,722 shares of the company's stock after selling 600,000 shares during the period. Adage Capital Partners GP L.L.C. owned 0.19% of Sirius XM worth $14,836,000 at the end of the most recent reporting period.

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

Sirius XM Stock Performance

SIRI traded down $0.31 during trading hours on Wednesday, hitting $21.42. The stock had a trading volume of 4,218,624 shares, compared to its average volume of 4,982,054. The stock has a market cap of $7.26 billion, a PE ratio of -3.34, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company's fifty day simple moving average is $22.26 and its 200 day simple moving average is $23.98.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates 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%. Equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 5.04%. Sirius XM's dividend payout ratio is currently -16.85%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. 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. Barrington Research set a $28.00 price objective on Sirius XM in a research note on Friday, January 31st. Morgan Stanley cut their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Guggenheim lowered their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Rosenblatt Securities dropped their target price on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $26.81.

Sirius XM 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.