Camelot Portfolios LLC Lowers Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Camelot Portfolios LLC lessened its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 13.2% during the 4th quarter, Holdings Channel reports. The fund owned 74,344 shares of the company’s stock after selling 11,274 shares during the period. Sirius XM comprises approximately 1.8% of Camelot Portfolios LLC’s holdings, making the stock its 11th largest position. Camelot Portfolios LLC’s holdings in Sirius XM were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SIRI. State of Alaska Department of Revenue increased its position in shares of Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after purchasing an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA grew its stake in 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 buying an additional 981,517 shares during the last quarter. Legato Capital Management LLC increased its position in Sirius XM by 21.9% during the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after buying an additional 15,342 shares in the last quarter. Franklin Resources Inc. raised its stake in Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after buying an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC acquired a new stake in Sirius XM in the fourth quarter worth about $228,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Down 1.7 %

Shares of SIRI opened at $24.75 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market cap of $8.38 billion, a P/E ratio of -3.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company’s 50-day moving average price is $23.34 and its 200 day moving average price is $25.82. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $48.00.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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 forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.36%. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SIRI. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. StockNews.com started coverage on Sirius XM in a research report on Wednesday, November 13th. They issued a “sell” rating on the stock. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company cut their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Finally, Rosenblatt Securities reduced their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.96.

Sirius XM 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.