Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Lipe & Dalton

Lipe & Dalton reduced its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,000 shares of the company’s stock after selling 6,452 shares during the period. Lipe & Dalton’s holdings in Sirius XM were worth $866,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. raised its position in Sirius XM by 113.6% during the third quarter. Blue Trust Inc. now owns 3,644 shares of the company’s stock valued at $86,000 after acquiring an additional 1,938 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Sirius XM by 388.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,912 shares of the company’s stock worth $116,000 after purchasing an additional 3,906 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Sirius XM by 137.6% during the 3rd quarter. International Assets Investment Management LLC now owns 5,865 shares of the company’s stock valued at $139,000 after purchasing an additional 3,397 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sirius XM in the 3rd quarter valued at $1,870,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Sirius XM by 575.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 267,449 shares of the company’s stock worth $6,325,000 after buying an additional 227,829 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Down 1.7 %

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

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.27 dividend. 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 (DPR) is presently -16.85%.

Analyst Ratings Changes

A number of research analysts have weighed in on SIRI shares. Rosenblatt Securities cut their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lowered their price target on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Barrington Research reissued an “outperform” rating and issued a $30.00 price objective on shares of Sirius XM in a report on Thursday, January 30th. Finally, Pivotal Research reduced their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Six research 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. According to MarketBeat, Sirius XM currently has a consensus rating of “Hold” and a consensus price target 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.