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

LSV Asset Management cut its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,142,700 shares of the company’s stock after selling 50,900 shares during the quarter. LSV Asset Management’s holdings in Sirius XM were worth $73,146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC purchased a new position in Sirius XM in the 4th quarter valued at approximately $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Sirius XM by 11.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock valued at $20,861,000 after purchasing an additional 92,111 shares during the last quarter. Focus Partners Wealth increased its position in shares of Sirius XM by 5.2% in the first quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock valued at $367,000 after buying an additional 800 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after buying an additional 493 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Sirius XM in the 2nd quarter worth about $208,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SIRI shares. Barrington Research restated an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a report on Thursday, February 5th. Moffett Nathanson initiated coverage on shares of Sirius XM in a research note on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price objective for the company. Rosenblatt Securities lifted their price objective on Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. raised Sirius XM from an “underweight” rating to a “neutral” rating and upped their target price for the company from $20.00 to $24.00 in a research note on Tuesday. Finally, Weiss Ratings downgraded 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.44.

Sirius XM Stock Down 0.9%

Shares of NASDAQ SIRI opened at $21.70 on Friday. The firm has a market cap of $7.26 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 0.38 and a beta of 0.93. 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 Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $27.41. The firm’s 50 day moving average price is $20.98 and its 200 day moving average price is $21.79.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, February 11th. This represents a $1.08 annualized dividend and a dividend yield of 5.0%. Sirius XM’s dividend payout ratio (DPR) is 48.21%.

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.