Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. reduced its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 125,407 shares of the company’s stock after selling 1,194 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Sirius XM were worth $2,859,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM during the 4th quarter worth $26,000. First Command Advisory Services Inc. acquired a new position in Sirius XM during the fourth quarter worth about $30,000. Geneos Wealth Management Inc. increased its holdings in Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after buying an additional 1,144 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Sirius XM during the 4th quarter valued at approximately $43,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after acquiring an additional 1,810 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Guggenheim lowered their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Rosenblatt Securities dropped their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Barrington Research set a $28.00 target price on Sirius XM in a research note on Friday, January 31st. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley reduced their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Sirius XM has an average rating of “Hold” and an average price target of $26.81.

Sirius XM Trading Up 2.0 %

Shares of NASDAQ SIRI opened at $23.95 on Tuesday. The company has a quick ratio of 0.42, a current 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 $41.60. The company has a market cap of $8.11 billion, a price-to-earnings ratio of -3.74, a P/E/G ratio of 0.79 and a beta of 1.06. The business has a fifty day simple moving average of $23.82 and a 200-day simple moving average of $24.62.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data 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 negative net margin of 24.03% and a positive return on equity of 13.44%. Sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.51%. Sirius XM’s dividend 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.