Thompson Siegel & Walmsley LLC Sells 603,579 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Thompson Siegel & Walmsley LLC decreased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,254,705 shares of the company’s stock after selling 603,579 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Sirius XM were worth $51,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SIRI. Union Bancaire Privee UBP SA bought a new position in Sirius XM in the 4th quarter worth $26,000. First Command Advisory Services Inc. bought a new position in Sirius XM in the 4th quarter worth $30,000. Geneos Wealth Management Inc. boosted its holdings in Sirius XM by 574.9% in the 4th 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 period. Gables Capital Management Inc. bought a new position in Sirius XM in the 4th quarter worth $43,000. Finally, Avior Wealth Management LLC boosted its holdings in Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after buying an additional 1,810 shares during the period. Institutional investors own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SIRI shares. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. StockNews.com began coverage on shares of Sirius XM in a report on Wednesday, November 13th. They set a “sell” rating for the company. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley dropped their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Price Performance

NASDAQ:SIRI opened at $22.52 on Thursday. 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 business has a 50 day simple moving average of $23.66 and a 200-day simple moving average of $25.15. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $41.90. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of -3.51, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last issued its quarterly 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%. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.80%. Sirius XM’s payout ratio is -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.