Sirius XM Holdings Inc. $SIRI Shares Sold by LSV Asset Management

LSV Asset Management lessened its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,073,200 shares of the company’s stock after selling 69,500 shares during the period. LSV Asset Management owned 0.91% of Sirius XM worth $61,449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Berkshire Hathaway Inc raised its position in shares of Sirius XM by 4.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after acquiring an additional 5,030,425 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Sirius XM by 165.2% during the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after acquiring an additional 3,233,922 shares in the last quarter. Check Capital Management Inc. CA raised its position in shares of Sirius XM by 39.9% during the 4th quarter. Check Capital Management Inc. CA now owns 2,883,500 shares of the company’s stock worth $57,656,000 after acquiring an additional 821,657 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Sirius XM by 4.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,635,274 shares of the company’s stock worth $61,336,000 after acquiring an additional 119,755 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Sirius XM by 270.0% during the 3rd quarter. Two Sigma Investments LP now owns 1,933,521 shares of the company’s stock worth $45,003,000 after buying an additional 1,410,963 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

SIRI has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Guggenheim restated a “buy” rating and set a $34.00 target price (up from $29.00) on shares of Sirius XM in a research report on Friday, April 24th. Barrington Research raised their target price on shares of Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Evercore set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Sirius XM presently has an average rating of “Hold” and an average price target of $27.45.

Sirius XM Stock Performance

Shares of SIRI opened at $28.89 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. The firm has a market cap of $9.72 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.62 and a beta of 0.94. The company’s 50 day simple moving average is $24.88 and its 200-day simple moving average is $22.48. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $29.60.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, equities analysts predict that Sirius XM Holdings Inc. will post 3.1 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.7%. Sirius XM’s payout ratio is presently 45.57%.

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.