Hi Line Capital Management LLC Sells 9,098 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Hi Line Capital Management LLC lessened its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 436,365 shares of the company’s stock after selling 9,098 shares during the period. Sirius XM accounts for 4.3% of Hi Line Capital Management LLC’s holdings, making the stock its 6th biggest holding. Hi Line Capital Management LLC owned about 0.13% of Sirius XM worth $9,949,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wealthspire Advisors LLC lifted its holdings in shares of Sirius XM by 4.3% during the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock worth $358,000 after purchasing an additional 643 shares during the period. Mill Creek Capital Advisors LLC raised its stake in Sirius XM by 5.8% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after buying an additional 837 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after buying an additional 1,144 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Sirius XM during the fourth quarter worth $26,000. Finally, Chicago Partners Investment Group LLC raised its stake in Sirius XM by 7.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock worth $356,000 after buying an additional 1,202 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Wells Fargo & Company lowered their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Pivotal Research decreased their price target on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Finally, StockNews.com initiated coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating for the company. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Trading Down 1.7 %

SIRI opened at $24.75 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $8.38 billion, a PE ratio of -3.86, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $48.00. The company’s 50-day moving average is $23.34 and its 200 day moving average is $25.75.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

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.