Sirius XM Holdings Inc. $SIRI Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. trimmed its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 3.3% during the third quarter, Holdings Channel reports. The institutional investor owned 18,676,620 shares of the company’s stock after selling 647,335 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Sirius XM worth $434,698,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SIRI. Sound Income Strategies LLC acquired a new stake in Sirius XM during the third quarter valued at approximately $33,000. True Wealth Design LLC grew its stake in Sirius XM by 47.8% during the 2nd quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock valued at $37,000 after acquiring an additional 523 shares in the last quarter. Quaker Wealth Management LLC increased its stake in Sirius XM by 214.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company’s stock valued at $37,000 after buying an additional 3,001 shares during the period. Geneos Wealth Management Inc. grew its stake in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after purchasing an additional 493 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Sirius XM during the third quarter valued at approximately $42,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Down 0.2%

Shares of SIRI stock opened at $20.92 on Thursday. The firm has a fifty day moving average of $20.84 and a 200-day moving average of $21.74. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 0.36 and a beta of 0.93. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $25.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.30 and a current ratio of 0.30.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, February 11th. Sirius XM’s dividend payout ratio is 48.21%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Rosenblatt Securities raised their price objective on Sirius XM from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. UBS Group set a $24.00 price target on Sirius XM in a research report on Tuesday, February 10th. Moffett Nathanson started coverage on Sirius XM in a research note on Tuesday, January 27th. They set a “neutral” rating and a $21.00 target price for the company. Barrington Research reiterated an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a report on Thursday, February 5th. Finally, Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Sirius XM presently has an average rating of “Hold” and an average target price of $24.44.

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.