Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 33.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,875 shares of the company’s stock after selling 10,677 shares during the quarter. Corient Private Wealth LLC’s holdings in Sirius XM were worth $476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of Sirius XM by 0.3% during the 4th quarter. Swiss National Bank now owns 433,585 shares of the company’s stock valued at $9,886,000 after purchasing an additional 1,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Sirius XM during the fourth quarter worth about $4,032,000. Farther Finance Advisors LLC bought a new stake in Sirius XM in the fourth quarter worth about $65,000. Knuff & Co LLC acquired a new stake in Sirius XM in the 4th quarter valued at about $1,102,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Sirius XM during the 4th quarter valued at about $372,000. Institutional investors own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SIRI shares. Wells Fargo & Company cut their target price 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. Rosenblatt Securities reduced their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Morgan Stanley decreased their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Finally, Guggenheim dropped their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Six equities research 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Stock Down 4.5 %

SIRI stock opened at $22.75 on Friday. The company has a 50 day moving average of $23.98 and a two-hundred day moving average of $24.55. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60. The company has a market cap of $7.71 billion, a price-to-earnings ratio of -3.55, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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, equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently disclosed 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. This represents a $1.08 annualized dividend and a yield of 4.75%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is presently -16.85%.

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.