Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,642 shares of the company’s stock after selling 8,686 shares during the quarter. Balboa Wealth Partners’ holdings in Sirius XM were worth $315,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Aigen Investment Management LP lifted its holdings in Sirius XM by 171.1% during the 4th quarter. Aigen Investment Management LP now owns 77,718 shares of the company’s stock worth $425,000 after buying an additional 49,049 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Sirius XM by 1,320.9% in the 4th quarter. Assetmark Inc. now owns 39,076 shares of the company’s stock valued at $214,000 after purchasing an additional 36,326 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Sirius XM by 14.8% in the 4th quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock valued at $93,000 after purchasing an additional 2,183 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sirius XM in the 4th quarter valued at $151,000. Finally, American National Bank acquired a new stake in shares of Sirius XM in the 4th quarter valued at $41,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SIRI. Benchmark reduced their price objective on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, March 27th. The Goldman Sachs Group upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $3.50 to $3.25 in a report on Wednesday, May 1st. Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $4.10 to $3.30 in a report on Wednesday, April 24th. Rosenblatt Securities dropped their target price on shares of Sirius XM from $4.50 to $3.40 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Finally, StockNews.com initiated coverage on shares of Sirius XM in a research report on Thursday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.42.

Sirius XM Stock Performance

Sirius XM stock traded down $0.06 during midday trading on Thursday, hitting $2.74. 14,926,206 shares of the company’s stock were exchanged, compared to its average volume of 16,014,726. Sirius XM Holdings Inc. has a 12-month low of $2.73 and a 12-month high of $7.95. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The firm’s 50 day simple moving average is $3.36 and its 200 day simple moving average is $4.41.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the business earned $0.06 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 0.31 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be paid a $0.0266 dividend. This represents a $0.11 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, May 9th. Sirius XM’s dividend payout ratio (DPR) is presently 33.33%.

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.