Lindbrook Capital LLC Sells 867 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Lindbrook Capital LLC reduced its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 41.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,208 shares of the company’s stock after selling 867 shares during the period. Lindbrook Capital LLC’s holdings in Sirius XM were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SIRI. Sessa Capital IM L.P. bought a new stake in shares of Sirius XM during the 3rd quarter worth approximately $77,983,000. Thompson Siegel & Walmsley LLC bought a new stake in Sirius XM during the 3rd quarter valued at $67,598,000. Seizert Capital Partners LLC bought a new stake in Sirius XM during the 3rd quarter valued at $46,173,000. Check Capital Management Inc. CA raised its position in Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after purchasing an additional 981,517 shares in the last quarter. Finally, Whitebox Advisors LLC raised its position in Sirius XM by 310.5% during the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after purchasing an additional 890,048 shares in the last quarter. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Up 6.2 %

Shares of SIRI stock opened at $25.23 on Friday. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $42.40. The stock’s fifty day moving average price is $23.64 and its 200 day moving average price is $25.33. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $8.55 billion, a price-to-earnings ratio of -3.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last announced 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%. On average, research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.28%. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SIRI shares. Wells Fargo & Company decreased their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Morgan Stanley decreased their target price 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. Guggenheim decreased 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. StockNews.com started coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating for the company. Finally, Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.81.

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.