Cwm LLC Has $307,000 Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Cwm LLC cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 16.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,183 shares of the company’s stock after selling 15,208 shares during the period. Cwm LLC’s holdings in Sirius XM were worth $307,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Sirius XM during the 3rd quarter worth approximately $27,000. BKM Wealth Management LLC acquired a new position in shares of Sirius XM in the 4th quarter worth approximately $27,000. First United Bank & Trust acquired a new position in shares of Sirius XM in the 4th quarter worth approximately $37,000. TFO Wealth Partners LLC lifted its position in shares of Sirius XM by 140,560.0% in the 4th quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after purchasing an additional 7,028 shares during the period. Finally, American National Bank acquired a new position in shares of Sirius XM in the 4th quarter worth approximately $41,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sirius XM

In related news, Director Kristina Salen sold 12,518 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total value of $32,546.80. Following the transaction, the director now directly owns 169,309 shares in the company, valued at $440,203.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.79% of the company’s stock.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI opened at $2.93 on Friday. The company’s 50-day moving average is $2.90 and its 200 day moving average is $4.09. The company has a market capitalization of $11.27 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08. Sirius XM Holdings Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $7.95.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. As a group, research analysts predict that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th were issued a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, May 9th. Sirius XM’s payout ratio is 30.30%.

Wall Street Analysts Forecast Growth

SIRI has been the topic of a number of recent analyst reports. Barrington Research restated an “outperform” rating and issued a $4.75 price target on shares of Sirius XM in a research report on Tuesday, May 28th. Seaport Res Ptn upgraded shares of Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. StockNews.com initiated coverage on shares of Sirius XM in a research note on Sunday, June 16th. They set a “hold” rating for the company. Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and decreased their price target for the company from $4.10 to $3.30 in a research note on Wednesday, April 24th. Finally, Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and reduced their target price for the stock from $5.05 to $4.90 in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.33.

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.