JPMorgan Chase & Co. Has $212.20 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

JPMorgan Chase & Co. cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,307,193 shares of the company’s stock after selling 871,710 shares during the quarter. JPMorgan Chase & Co. owned about 2.75% of Sirius XM worth $212,204,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Weaver C. Barksdale & Associates Inc. bought a new position in shares of Sirius XM in the fourth quarter valued at about $1,148,000. Murphy & Mullick Capital Management Corp acquired a new stake in Sirius XM during the fourth quarter worth approximately $74,000. Aire Advisors LLC boosted its holdings in shares of Sirius XM by 150.6% during the fourth quarter. Aire Advisors LLC now owns 75,398 shares of the company’s stock worth $1,719,000 after acquiring an additional 45,316 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Sirius XM during the fourth quarter worth approximately $334,000. Finally, Congress Wealth Management LLC DE acquired a new position in shares of Sirius XM in the fourth quarter valued at approximately $1,294,000. Institutional investors own 10.69% of the company’s stock.

Analysts Set New Price Targets

SIRI has been the subject of several recent research reports. Rosenblatt Securities reduced their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Morgan Stanley reduced their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Barrington Research set a $28.00 target price on shares of Sirius XM in a research report on Friday, January 31st. Finally, Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sirius XM has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Trading Down 0.9 %

Shares of SIRI stock opened at $22.55 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The company has a market cap of $7.64 billion, a PE ratio of -3.52, a P/E/G ratio of 0.79 and a beta of 1.06. The stock’s fifty day moving average price is $23.98 and its two-hundred day moving average price is $24.50.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.79%. Sirius XM’s dividend payout ratio is currently -16.85%.

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.