Sirius XM Holdings Inc. (NASDAQ:SIRI) Holdings Cut by Collective Family Office LLC

Collective Family Office LLC lowered its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Rating) by 38.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,383 shares of the company’s stock after selling 16,958 shares during the period. Collective Family Office LLC’s holdings in Sirius XM were worth $160,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Seven Eight Capital LP bought a new position in Sirius XM in the third quarter worth about $127,000. Advisors Asset Management Inc. bought a new position in Sirius XM in the third quarter worth about $525,000. MGO One Seven LLC bought a new position in Sirius XM in the second quarter worth about $67,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Sirius XM by 21.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,094,148 shares of the company’s stock worth $6,707,000 after acquiring an additional 189,642 shares during the last quarter. Finally, Natixis bought a new position in Sirius XM in the second quarter worth about $1,045,000. Institutional investors own 10.10% of the company’s stock.

Sirius XM Price Performance

NASDAQ SIRI opened at $3.64 on Friday. Sirius XM Holdings Inc. has a 12 month low of $3.43 and a 12 month high of $6.85. The firm has a market capitalization of $14.16 billion, a PE ratio of 12.13, a P/E/G ratio of 2.07 and a beta of 0.96. The company’s 50 day simple moving average is $4.92 and its 200 day simple moving average is $5.68.

Sirius XM (NASDAQ:SIRI – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.31 billion. Sirius XM had a net margin of 13.48% and a negative return on equity of 35.45%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business earned $0.08 earnings per share. Sell-side analysts anticipate that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current fiscal year.

Sirius XM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Thursday, February 9th were given a $0.0242 dividend. This is a positive change from Sirius XM’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, February 8th. This represents a $0.10 annualized dividend and a yield of 2.66%. Sirius XM’s payout ratio is 33.33%.

Analyst Upgrades and Downgrades

SIRI has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Sirius XM in a report on Thursday. They issued a “hold” rating on the stock. Pivotal Research dropped their price target on shares of Sirius XM from $6.75 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, February 9th. Morgan Stanley dropped their price target on shares of Sirius XM from $6.00 to $5.40 and set an “underweight” rating on the stock in a research note on Friday, February 3rd. Wells Fargo & Company dropped their price target on shares of Sirius XM from $7.00 to $5.50 and set an “equal weight” rating on the stock in a research note on Friday, February 3rd. Finally, Citigroup lowered shares of Sirius XM from a “buy” rating to a “sell” rating and dropped their price target for the company from $7.00 to $6.00 in a research note on Thursday, December 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.77.

About Sirius XM

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Sirius XM Holdings, Inc engages in the provision of audio entertainment. It operates through Sirius XM and Pandora and Off-Platform segments. The company was founded on May 17, 1990, and is headquartered in New York, NY.