Rhumbline Advisers Sells 36,967 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Rhumbline Advisers decreased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,993 shares of the company’s stock after selling 36,967 shares during the quarter. Rhumbline Advisers owned about 0.08% of Sirius XM worth $5,882,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Sessa Capital IM L.P. bought a new position in shares of Sirius XM during the 3rd quarter valued at approximately $77,983,000. Thompson Siegel & Walmsley LLC bought a new stake in Sirius XM in the third quarter worth $67,598,000. Seizert Capital Partners LLC purchased a new position in Sirius XM during the third quarter worth $46,173,000. Whitebox Advisors LLC increased its position in Sirius XM by 310.5% during the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after acquiring an additional 890,048 shares during the last quarter. Finally, Wittenberg Investment Management Inc. raised its stake in shares of Sirius XM by 161.1% in the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after acquiring an additional 782,678 shares during the period. Institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

SIRI has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. The Goldman Sachs Group dropped their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Pivotal Research reduced their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. StockNews.com began coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating for the company. Finally, Guggenheim cut their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Sirius XM has an average rating of “Hold” and an average price target of $26.81.

View Our Latest Stock Analysis on SIRI

Sirius XM Price Performance

NASDAQ SIRI opened at $24.13 on Thursday. The company has a market cap of $8.17 billion, a PE ratio of -3.76, a P/E/G ratio of 0.79 and a beta of 1.06. The firm’s 50 day moving average price is $23.48 and its 200-day moving average price is $25.64. 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 Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $47.45.

Sirius XM (NASDAQ:SIRIGet Free Report) last announced its earnings results 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%. Sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.48%. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

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.

Further Reading

Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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