Commonwealth Equity Services LLC Sells 24,598 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Commonwealth Equity Services LLC trimmed its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,805 shares of the company’s stock after selling 24,598 shares during the period. Commonwealth Equity Services LLC’s holdings in Sirius XM were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SIRI. Union Bancaire Privee UBP SA bought a new stake in Sirius XM during the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. purchased a new position in shares of Sirius XM in the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. increased its position in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Gables Capital Management Inc. purchased a new stake in Sirius XM during the 4th quarter valued at $43,000. Finally, Avior Wealth Management LLC lifted its position in Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after buying an additional 1,810 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SIRI shares. Morgan Stanley reduced their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company dropped their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Barrington Research set a $28.00 price target on Sirius XM in a report on Friday, January 31st. Finally, Guggenheim cut their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Six 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Trading Up 1.2 %

NASDAQ:SIRI opened at $24.24 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a 50-day simple moving average of $23.88 and a 200-day simple moving average of $24.60. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60. The firm has a market cap of $8.21 billion, a P/E ratio of -3.78, a P/E/G ratio of 0.79 and a beta of 1.06.

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%. Equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s payout ratio is -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.