SRH Advisors LLC Sells 628 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

SRH Advisors LLC cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 206,117 shares of the company’s stock after selling 628 shares during the quarter. Sirius XM accounts for about 1.4% of SRH Advisors LLC’s portfolio, making the stock its 9th largest position. SRH Advisors LLC’s holdings in Sirius XM were worth $4,699,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bfsg LLC raised its holdings in Sirius XM by 35.3% in the 3rd quarter. Bfsg LLC now owns 4,735 shares of the company’s stock valued at $112,000 after buying an additional 1,235 shares during the last quarter. Kirr Marbach & Co. LLC IN acquired a new position in Sirius XM in the 3rd quarter valued at approximately $3,406,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Sirius XM during the third quarter valued at $434,000. Blue Trust Inc. lifted its holdings in shares of Sirius XM by 113.6% during the third quarter. Blue Trust Inc. now owns 3,644 shares of the company’s stock worth $86,000 after purchasing an additional 1,938 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its stake in shares of Sirius XM by 2,004.6% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 35,610 shares of the company’s stock worth $842,000 after purchasing an additional 33,918 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $25.94 on Wednesday. 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 twelve month low of $20.47 and a twelve month high of $50.50. The company has a fifty day moving average of $23.44 and a 200-day moving average of $26.19. The firm has a market capitalization of $8.79 billion, a P/E ratio of -4.05, a P/E/G ratio of 0.82 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate 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%. As a group, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.17 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SIRI. Guggenheim lowered their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley lowered 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. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Sirius XM in a research note on Thursday, January 30th. Rosenblatt Securities decreased their target price on shares of 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, Bank of America restated an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a report on Thursday, October 24th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.96.

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.