Savant Capital LLC Sells 41,801 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Savant Capital LLC lessened its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 64.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,941 shares of the company’s stock after selling 41,801 shares during the period. Savant Capital LLC’s holdings in Sirius XM were worth $523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM during the fourth quarter worth about $26,000. Coston McIsaac & Partners grew its holdings in shares of Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. TCTC Holdings LLC bought a new stake in shares of Sirius XM during the third quarter worth about $29,000. Geneos Wealth Management Inc. grew its holdings in shares of 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 purchasing an additional 1,144 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after purchasing an additional 1,315 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Sirius XM stock opened at $27.11 on Monday. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of -4.23, a PEG ratio of 0.82 and a beta of 1.06. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $49.40. The stock’s 50 day moving average price is $23.33 and its two-hundred day moving average price is $25.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts predict that Sirius XM Holdings Inc. will post 3.17 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Friday, February 7th. Sirius XM’s payout ratio is -16.85%.

Analyst Upgrades and Downgrades

SIRI has been the topic of several research reports. Wells Fargo & Company reduced their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Bank of America restated an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a report on Thursday, October 24th. Rosenblatt Securities reduced their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Guggenheim decreased their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.96.

About Sirius XM

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.