Savant Capital LLC Sells 38,569 Shares of Sirius XM Holdings Inc. $SIRI

Savant Capital LLC decreased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 41.2% during the 3rd quarter, Holdings Channel reports. The firm owned 55,058 shares of the company’s stock after selling 38,569 shares during the quarter. Savant Capital LLC’s holdings in Sirius XM were worth $1,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of Sirius XM by 10.4% during the third quarter. Envestnet Asset Management Inc. now owns 179,763 shares of the company’s stock worth $4,184,000 after buying an additional 16,884 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Sirius XM by 28.0% during the third quarter. Penserra Capital Management LLC now owns 227,719 shares of the company’s stock worth $5,300,000 after purchasing an additional 49,840 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Sirius XM in the third quarter valued at $6,217,000. Atlantic Union Bankshares Corp acquired a new position in Sirius XM during the 3rd quarter worth about $333,000. Finally, Jones Financial Companies Lllp grew its holdings in Sirius XM by 23.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 26,694 shares of the company’s stock worth $606,000 after acquiring an additional 4,984 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Down 3.4%

Shares of NASDAQ SIRI opened at $20.95 on Tuesday. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $27.41. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $7.01 billion, a P/E ratio of 9.35, a P/E/G ratio of 0.29 and a beta of 0.93. The firm has a 50 day moving average price of $20.96 and a 200 day moving average price of $21.80.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 11th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, February 11th. Sirius XM’s dividend payout ratio (DPR) is presently 48.21%.

Analyst Ratings Changes

Several research firms have issued reports on SIRI. Benchmark reaffirmed a “buy” rating and set a $30.00 price objective (up previously from $28.00) on shares of Sirius XM in a report on Friday, October 31st. JPMorgan Chase & Co. raised their price target on Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Barrington Research reissued an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a report on Thursday, February 5th. Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Finally, Rosenblatt Securities boosted their price target on shares of Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sirius XM currently has an average rating of “Reduce” and a consensus price target of $24.00.

Sirius XM Profile

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.