Sirius XM Holdings Inc. $SIRI Shares Sold by LSV Asset Management

LSV Asset Management lessened its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,142,700 shares of the company’s stock after selling 50,900 shares during the quarter. LSV Asset Management owned approximately 0.93% of Sirius XM worth $73,146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in Sirius XM by 165.2% during the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after purchasing an additional 3,233,922 shares during the period. Norges Bank acquired a new position in shares of Sirius XM in the second quarter valued at approximately $43,152,000. Man Group plc purchased a new stake in Sirius XM during the 2nd quarter worth approximately $19,708,000. Allianz Asset Management GmbH purchased a new stake in Sirius XM during the 3rd quarter worth approximately $6,217,000. Finally, Alberta Investment Management Corp lifted its holdings in Sirius XM by 20.2% during the 2nd quarter. Alberta Investment Management Corp now owns 1,486,226 shares of the company’s stock worth $34,139,000 after buying an additional 250,000 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Down 0.9%

Shares of NASDAQ:SIRI opened at $21.70 on Friday. The firm has a 50 day simple moving average of $20.98 and a 200-day simple moving average of $21.79. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $27.41. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $7.26 billion, a PE ratio of 9.69, a P/E/G ratio of 0.38 and a beta of 0.93.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, February 11th. Sirius XM’s dividend payout ratio is currently 48.21%.

Analysts Set New Price Targets

SIRI has been the subject of several research reports. Benchmark restated a “buy” rating and issued a $30.00 price target (up previously from $28.00) on shares of Sirius XM in a research note on Friday, October 31st. Barrington Research reissued an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a research note on Thursday, February 5th. Moffett Nathanson initiated coverage on Sirius XM in a report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price target on the stock. UBS Group set a $24.00 price target on Sirius XM in a research report on Tuesday. Finally, Weiss Ratings downgraded Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.44.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.