Voya Investment Management LLC Cuts Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Voya Investment Management LLC trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 56.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,307 shares of the company's stock after selling 35,541 shares during the period. Voya Investment Management LLC's holdings in Sirius XM were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SIRI. Union Bancaire Privee UBP SA acquired a new position in Sirius XM during the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new position in Sirius XM during the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. increased its position in Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after buying an additional 1,144 shares during the last quarter. Gables Capital Management Inc. acquired a new position in Sirius XM during the fourth quarter worth approximately $43,000. Finally, Avior Wealth Management LLC increased its position in Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after buying an additional 1,810 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SIRI. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Guggenheim cut their target price 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. Barrington Research reiterated an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a research note on Friday, May 2nd. Morgan Stanley lowered 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. Finally, Rosenblatt Securities decreased their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $26.65.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI traded up $0.37 during midday trading on Monday, reaching $21.94. 4,343,654 shares of the company traded hands, compared to its average volume of 5,115,519. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $41.60. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of -3.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. The firm's fifty day moving average price is $21.74 and its two-hundred day moving average price is $23.62.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data 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). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Friday, May 9th. Sirius XM's dividend payout ratio is currently -16.56%.

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.