Charles Schwab Investment Management Inc. Has $35.97 Million Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Charles Schwab Investment Management Inc. cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,577,572 shares of the company’s stock after selling 99,560 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.47% of Sirius XM worth $35,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SIRI. Sessa Capital IM L.P. acquired a new position in shares of Sirius XM in the 3rd quarter valued at $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in Sirius XM during the third quarter worth about $67,598,000. Seizert Capital Partners LLC acquired a new position in Sirius XM in the third quarter valued at about $46,173,000. Check Capital Management Inc. CA increased its holdings in shares of 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 worth $26,123,000 after acquiring an additional 981,517 shares in the last quarter. Finally, Whitebox Advisors LLC raised its position in shares of Sirius XM by 310.5% during the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after purchasing an additional 890,048 shares during the period. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 3.8 %

NASDAQ:SIRI opened at $22.67 on Monday. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $7.68 billion, a PE ratio of -3.54, a P/E/G ratio of 0.79 and a beta of 1.06. The firm’s 50 day simple moving average is $23.66 and its 200 day simple moving average is $24.97.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results 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 negative net margin of 24.03% and a positive return on equity of 13.44%. On average, research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Rosenblatt Securities lowered 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 report on Monday, February 3rd. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Finally, Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.