Seizert Capital Partners LLC Increases Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Seizert Capital Partners LLC increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,269,616 shares of the company’s stock after purchasing an additional 317,289 shares during the quarter. Sirius XM makes up 2.3% of Seizert Capital Partners LLC’s holdings, making the stock its 11th largest position. Seizert Capital Partners LLC’s holdings in Sirius XM were worth $51,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Sirius XM by 388.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,912 shares of the company’s stock valued at $116,000 after buying an additional 3,906 shares during the last quarter. International Assets Investment Management LLC lifted its position in Sirius XM by 137.6% during the third quarter. International Assets Investment Management LLC now owns 5,865 shares of the company’s stock valued at $139,000 after acquiring an additional 3,397 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Sirius XM in the third quarter valued at approximately $51,000. abrdn plc purchased a new position in Sirius XM in the third quarter worth $1,443,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Sirius XM during the third quarter worth $278,000. Institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Guggenheim lowered their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Rosenblatt Securities dropped their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Morgan Stanley lowered their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Finally, Barrington Research set a $28.00 price target on shares of Sirius XM in a research note on Friday, January 31st. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Stock Down 1.6 %

Shares of SIRI opened at $23.65 on Wednesday. The firm has a market cap of $8.01 billion, a P/E ratio of -3.69, a PEG ratio of 0.79 and a beta of 1.06. The stock’s 50 day moving average is $23.59 and its two-hundred day moving average is $25.45. 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 $42.50.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating 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%. Analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal 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 paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

Sirius XM Company 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.