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:SIRI) 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.

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:SIRI) 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

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.