Whitebox Advisors LLC reduced its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 376,735 shares of the company's stock after selling 799,987 shares during the period. Whitebox Advisors LLC owned approximately 0.11% of Sirius XM worth $8,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Union Bancaire Privee UBP SA bought a new position in Sirius XM during the fourth quarter valued at $26,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM during the fourth quarter worth $30,000. Geneos Wealth Management Inc. increased its stake in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after purchasing an additional 1,144 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Sirius XM in the fourth quarter worth $43,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock valued at $47,000 after purchasing an additional 1,810 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.
Sirius XM Stock Performance
Shares of NASDAQ:SIRI opened at $21.42 on Thursday. The company's 50 day moving average price is $22.19 and its two-hundred day moving average price is $23.96. Sirius XM Holdings Inc. has a 12-month low of $18.69 and a 12-month 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 firm has a market cap of $7.26 billion, a PE ratio of -3.34, a PEG ratio of 0.79 and a beta of 0.98.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
Analyst Upgrades and Downgrades
SIRI has been the topic of several analyst reports. Barrington Research set a $28.00 price target on Sirius XM in a report on Friday, January 31st. Rosenblatt Securities dropped their price objective 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. Morgan Stanley decreased 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. Guggenheim dropped their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Sirius XM has a consensus rating of "Hold" and a consensus price target of $26.81.
Get Our Latest Report on SIRI
Sirius XM Profile
(
Free Report)
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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