Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock Holdings Lessened by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,299 shares of the company’s stock after selling 10,242 shares during the period. CIBC Asset Management Inc’s holdings in Sirius XM were worth $235,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM in the fourth quarter valued at $26,000. TCTC Holdings LLC bought a new position in shares of Sirius XM in the third quarter valued at $29,000. Geneos Wealth Management Inc. increased its position in shares of Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after acquiring an additional 1,144 shares in the last quarter. Princeton Global Asset Management LLC increased its position in shares of Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of 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 acquiring an additional 1,810 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SIRI. JPMorgan Chase & Co. lifted their target price on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Pivotal Research decreased their price objective on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Rosenblatt Securities decreased their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Six research 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 MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $24.51 on Wednesday. The business has a 50 day moving average price of $23.43 and a 200 day moving average price of $25.65. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $47.80. The company has a market cap of $8.30 billion, a price-to-earnings ratio of -3.82, a PEG ratio of 0.79 and a beta of 1.06. 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 (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating 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%. Research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio is currently -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.