Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,600 shares of the company’s stock after selling 9,780 shares during the quarter. Raymond James & Associates’ holdings in Sirius XM were worth $988,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SIRI. AQR Capital Management LLC raised its position in Sirius XM by 482.9% during the third quarter. AQR Capital Management LLC now owns 14,641,104 shares of the company’s stock worth $66,178,000 after acquiring an additional 12,129,166 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of Sirius XM during the 3rd quarter worth about $43,768,000. New York State Common Retirement Fund lifted its stake in Sirius XM by 169.6% in the 3rd quarter. New York State Common Retirement Fund now owns 10,303,486 shares of the company’s stock valued at $46,572,000 after buying an additional 6,482,109 shares in the last quarter. Norges Bank acquired a new stake in Sirius XM in the 4th quarter worth about $31,127,000. Finally, State Street Corp increased its stake in Sirius XM by 18.1% during the 2nd quarter. State Street Corp now owns 28,762,745 shares of the company’s stock worth $130,295,000 after buying an additional 4,411,282 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup raised their target price on Sirius XM from $3.60 to $4.10 and gave the company a “sell” rating in a research report on Friday, January 12th. Wells Fargo & Company cut their price objective on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a report on Monday, April 1st. Guggenheim initiated coverage on Sirius XM in a report on Thursday, March 14th. They set a “neutral” rating and a $4.00 target price on the stock. Benchmark cut their price target on Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, StockNews.com initiated coverage on Sirius XM in a research note on Sunday. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.74.

Insider Transactions at Sirius XM

In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the sale, the director now owns 1,091,472 shares of the company’s stock, valued at $5,370,042.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the transaction, the insider now directly owns 746,816 shares of the company’s stock, valued at approximately $3,659,398.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Meyer sold 800,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the completion of the transaction, the director now directly owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $3.09 on Monday. Sirius XM Holdings Inc. has a fifty-two week low of $3.04 and a fifty-two week high of $7.95. The stock has a 50 day moving average of $4.03 and a 200 day moving average of $4.65. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 1.05 and a beta of 1.04.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.30 billion. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. Analysts forecast that Sirius XM Holdings Inc. will post 0.29 EPS for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Thursday, February 8th. Sirius XM’s dividend payout ratio (DPR) is 31.25%.

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.