Thompson Siegel & Walmsley LLC Lowers Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Thompson Siegel & Walmsley LLC lowered its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,254,705 shares of the company’s stock after selling 603,579 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.67% of Sirius XM worth $51,407,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its holdings in shares of Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after buying an additional 41,000 shares during the period. Check Capital Management Inc. CA increased its holdings in shares of Sirius XM by 597.7% in the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after buying an additional 981,517 shares during the period. Legato Capital Management LLC increased its holdings in shares of Sirius XM by 21.9% in the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock worth $1,949,000 after buying an additional 15,342 shares during the period. Franklin Resources Inc. increased its holdings in shares of Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after buying an additional 58,993 shares during the period. Finally, MBA Advisors LLC bought a new stake in shares of Sirius XM in the fourth quarter worth about $228,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SIRI shares. Morgan Stanley cut their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company cut their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Guggenheim cut their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Barrington Research set a $28.00 target price on Sirius XM in a research note on Friday, January 31st. Finally, Rosenblatt Securities cut 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. Six research 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 Price Performance

Shares of NASDAQ SIRI opened at $22.52 on Thursday. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $41.90. The firm has a market cap of $7.63 billion, a P/E ratio of -3.51, a PEG ratio of 0.79 and a beta of 1.06. The company has a 50 day moving average of $23.66 and a 200 day moving average of $25.15. 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 (NASDAQ:SIRI) last announced 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, research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.80%. Sirius XM’s dividend payout ratio is presently -16.85%.

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.