Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 29.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,114 shares of the company’s stock after selling 4,700 shares during the quarter. Principal Financial Group Inc.’s holdings in Sirius XM were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its holdings in Sirius XM by 21.2% in the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after acquiring an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA lifted its stake in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after buying an additional 981,517 shares in the last quarter. Legato Capital Management LLC lifted its stake in Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after buying an additional 15,342 shares in the last quarter. Franklin Resources Inc. lifted its stake in Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after buying an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC purchased a new stake in Sirius XM during the fourth quarter valued at about $228,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Trading Up 6.2 %

NASDAQ:SIRI opened at $25.23 on Friday. The stock’s 50 day moving average price is $23.64 and its 200 day moving average price is $25.38. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $42.40. The company has a market capitalization of $8.55 billion, a P/E ratio of -3.94, a P/E/G ratio of 0.79 and a beta of 1.06. 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 released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 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, research analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.28%. Sirius XM’s dividend payout ratio is currently -16.85%.

Wall Street Analyst Weigh In

A number of analysts have commented on SIRI shares. Guggenheim reduced their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research note on Friday, January 31st. StockNews.com started coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating for the company. Wells Fargo & Company reduced their price objective 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. Finally, Rosenblatt Securities reduced their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.81.

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.