Charles Schwab Investment Management Inc. cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) 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 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.
View Our Latest Stock Analysis on Sirius XM
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.
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