Brown Brothers Harriman & Co. Has $295,000 Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Brown Brothers Harriman & Co. lessened its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 16.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,960 shares of the company’s stock after selling 2,533 shares during the period. Brown Brothers Harriman & Co.’s holdings in Sirius XM were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Sirius XM during the fourth quarter worth about $28,269,000. Check Capital Management Inc. CA grew its stake in shares of Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after acquiring an additional 981,517 shares in the last quarter. Whitebox Advisors LLC grew its stake in shares of Sirius XM by 310.5% during the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after acquiring an additional 890,048 shares in the last quarter. Capital Management Corp VA bought a new stake in shares of Sirius XM in the fourth quarter worth $11,339,000. Finally, FMR LLC boosted its holdings in Sirius XM by 472.6% during the third quarter. FMR LLC now owns 497,514 shares of the company’s stock worth $11,766,000 after purchasing an additional 410,621 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

SIRI has been the topic of several recent research reports. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Rosenblatt Securities dropped their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. Wells Fargo & Company lowered their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Finally, Guggenheim cut their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Stock Performance

NASDAQ SIRI opened at $22.55 on Tuesday. The stock has a market cap of $7.64 billion, a PE ratio of -3.52, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a 50-day moving average of $23.98 and a 200-day moving average of $24.50. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $41.60.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

About Sirius XM

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.