Sirius XM Holdings Inc. (NASDAQ:SIRI) Position Reduced by Blue Trust Inc.

Blue Trust Inc. reduced its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,291 shares of the company’s stock after selling 1,353 shares during the period. Blue Trust Inc.’s holdings in Sirius XM were worth $52,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mill Creek Capital Advisors LLC boosted its stake in Sirius XM by 5.8% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after purchasing an additional 837 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 574.9% in the fourth 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. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM during the fourth quarter valued at $26,000. Chicago Partners Investment Group LLC raised its position in Sirius XM by 7.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after buying an additional 1,202 shares during the period. Finally, TCTC Holdings LLC acquired a new position in Sirius XM during the third quarter valued at $29,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

SIRI opened at $24.51 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $8.30 billion, a PE ratio of -3.82, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The stock has a 50-day moving average of $23.43 and a 200-day moving average of $25.65. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $47.80.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Rosenblatt Securities lowered their target price 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. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Pivotal Research dropped their price objective on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Guggenheim decreased their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM 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.