Sirius XM Holdings Inc. $SIRI Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,073,200 shares of the company’s stock after selling 69,500 shares during the quarter. LSV Asset Management’s holdings in Sirius XM were worth $61,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of SIRI. Brighton Jones LLC acquired a new position in shares of Sirius XM in the fourth quarter valued at approximately $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sirius XM by 11.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock valued at $20,861,000 after purchasing an additional 92,111 shares during the period. Focus Partners Wealth boosted its stake in shares of Sirius XM by 5.2% in the first quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock valued at $367,000 after buying an additional 800 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after acquiring an additional 493 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in Sirius XM during the second quarter worth $208,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Trading Down 0.3%

Shares of SIRI stock opened at $28.89 on Friday. The business’s fifty day moving average price is $24.88 and its 200 day moving average price is $22.48. Sirius XM Holdings Inc. has a 1-year low of $19.76 and a 1-year high of $29.60. The firm has a market capitalization of $9.72 billion, a PE ratio of 12.19, a P/E/G ratio of 0.62 and a beta of 0.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.Sirius XM’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, May 11th. Sirius XM’s payout ratio is presently 45.57%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SIRI. Rosenblatt Securities dropped their price objective on Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. JPMorgan Chase & Co. upped their price objective on Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Barrington Research upped their price objective on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Weiss Ratings raised Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Finally, Guggenheim reaffirmed a “buy” rating and set a $34.00 price objective (up from $29.00) on shares of Sirius XM in a report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.45.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.