Loomis Sayles & Co. L P Sells 505,318 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Loomis Sayles & Co. L P trimmed its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 93.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,719 shares of the company’s stock after selling 505,318 shares during the period. Loomis Sayles & Co. L P’s holdings in Sirius XM were worth $792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its position in Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after buying an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA lifted its holdings in shares of Sirius XM by 597.7% in the 4th 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 during the last quarter. Legato Capital Management LLC boosted its stake in shares of Sirius XM by 21.9% during the 4th 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. Franklin Resources Inc. grew its holdings in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after purchasing an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC purchased a new stake in Sirius XM in the 4th quarter worth about $228,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Performance

Shares of SIRI stock opened at $22.75 on Friday. The firm 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 Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $23.98 and its 200 day moving average is $24.55.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

Analysts Set New Price Targets

A number of research firms have recently commented on SIRI. Guggenheim cut their target price 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. Morgan Stanley reduced their target price on 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 note on Tuesday, December 10th. Barrington Research set a $28.00 price target on shares of Sirius XM in a research note on Friday, January 31st. Finally, Wells Fargo & Company decreased their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Sirius XM presently has an average rating of “Hold” and an average 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.