Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC lessened its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,384 shares of the company’s stock after selling 6,426 shares during the period. VisionPoint Advisory Group LLC’s holdings in Sirius XM were worth $848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sessa Capital IM L.P. acquired a new stake in Sirius XM in the third quarter valued at $77,983,000. Thompson Siegel & Walmsley LLC acquired a new stake in Sirius XM in the third quarter valued at $67,598,000. Seizert Capital Partners LLC acquired a new stake in Sirius XM in the third quarter valued at $46,173,000. Alberta Investment Management Corp grew its holdings in Sirius XM by 2.9% in the fourth quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock valued at $29,014,000 after purchasing an additional 36,300 shares during the last quarter. Finally, Wittenberg Investment Management Inc. grew its holdings in Sirius XM by 161.1% in the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after purchasing an additional 782,678 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SIRI. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. The Goldman Sachs Group lowered their target price on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Sirius XM in a report on Thursday, January 30th. Guggenheim lowered their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Six equities 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. According to MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and an average price target of $26.96.

Sirius XM Stock Down 0.0 %

NASDAQ SIRI opened at $25.19 on Friday. The business’s 50-day moving average price is $23.33 and its 200 day moving average price is $25.86. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $48.00. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

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 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%. Research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.29%. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Sirius XM Company 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.