Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Ionic Capital Management LLC

Ionic Capital Management LLC decreased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,470 shares of the company's stock after selling 24,949 shares during the quarter. Ionic Capital Management LLC's holdings in Sirius XM were worth $900,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Xponance Inc. grew its holdings in shares of Sirius XM by 4.5% during the fourth 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 last quarter. PNC Financial Services Group Inc. grew its stake in Sirius XM by 4.4% during the 4th 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 during the last quarter. Wealthspire Advisors LLC increased its position in Sirius XM by 4.3% in 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 increased its position in Sirius XM by 5.9% in the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock worth $325,000 after buying an additional 791 shares during the period. Finally, Mill Creek Capital Advisors LLC lifted its stake in Sirius XM by 5.8% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after buying an additional 837 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $21.57 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $21.74 and a 200-day moving average of $23.64. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of -3.37, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90.

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 the consensus estimate of $0.70 by ($0.11). Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $0.07 EPS. The company's quarterly revenue was down 4.3% compared to the same quarter last year. Analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.01%. Sirius XM's dividend payout ratio (DPR) is -16.56%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SIRI. Morgan Stanley lowered their price target on shares of 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 restated an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research report on Friday, May 2nd. Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Rosenblatt Securities lowered their target price 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. Six research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $26.65.

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.

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