Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 37.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,291 shares of the company’s stock after selling 1,353 shares during the period. Blue Trust Inc.’s holdings in Sirius XM were worth $52,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Legato Capital Management LLC raised its holdings in shares of Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock worth $1,949,000 after purchasing an additional 15,342 shares during the period. Quent Capital LLC bought a new stake in shares of Sirius XM during the 4th quarter valued at about $158,000. Mill Creek Capital Advisors LLC raised its stake in Sirius XM by 5.8% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after acquiring an additional 837 shares during the period. swisspartners Advisors Ltd raised its stake in Sirius XM by 4.3% during the fourth quarter. swisspartners Advisors Ltd now owns 145,478 shares of the company’s stock worth $3,317,000 after acquiring an additional 5,975 shares during the period. Finally, MBA Advisors LLC bought a new position in Sirius XM in the fourth quarter worth about $228,000. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Trading Down 2.0 %

Shares of NASDAQ:SIRI opened at $24.51 on Wednesday. The company has a 50 day moving average of $23.43 and a 200-day moving average of $25.65. 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 firm has a market cap of $8.30 billion, a P/E ratio of -3.82, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $47.80.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced 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 of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.41%. Sirius XM’s dividend payout ratio is currently -16.85%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SIRI. Barrington Research set a $28.00 price target on Sirius XM in a research report on Friday, January 31st. Pivotal Research dropped their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. 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. Finally, Rosenblatt Securities dropped their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.81.

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.