Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 738,542 shares of the company’s stock after selling 43,048 shares during the period. Bank of New York Mellon Corp owned about 0.22% of Sirius XM worth $16,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SIRI. Sessa Capital IM L.P. acquired a new position in Sirius XM during the third quarter valued at $77,983,000. Thompson Siegel & Walmsley LLC purchased a new position in Sirius XM in the third quarter valued at $67,598,000. Seizert Capital Partners LLC purchased a new position in Sirius XM in the third quarter valued at $46,173,000. Check Capital Management Inc. CA increased its holdings in Sirius XM by 597.7% in 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. Finally, Whitebox Advisors LLC increased its holdings in Sirius XM by 310.5% in the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after buying an additional 890,048 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Down 6.9 %

Shares of NASDAQ SIRI opened at $22.70 on Wednesday. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.90. The stock has a market cap of $7.69 billion, a PE ratio of -3.54, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $23.67 and a 200 day moving average of $25.17.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data 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 negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.76%. Sirius XM’s dividend payout ratio is presently -16.85%.

Analyst Ratings Changes

A number of research firms have weighed in on SIRI. Guggenheim cut their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. StockNews.com began coverage on shares of Sirius XM in a report on Wednesday, November 13th. They issued a “sell” rating for the company. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Barrington Research set a $28.00 price objective on shares of Sirius XM in a report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Company 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.