Whittier Trust Co. Decreases Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Whittier Trust Co. decreased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,567 shares of the company’s stock after selling 670 shares during the period. Whittier Trust Co.’s holdings in Sirius XM were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Seizert Capital Partners LLC raised its stake in Sirius XM by 16.3% during the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock valued at $51,747,000 after purchasing an additional 317,289 shares in the last quarter. Alberta Investment Management Corp raised its stake in Sirius XM by 2.9% during the fourth quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock valued at $29,014,000 after purchasing an additional 36,300 shares in the last quarter. Wittenberg Investment Management Inc. increased its position in Sirius XM by 161.1% during the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after acquiring an additional 782,678 shares during the last quarter. Whitebox Advisors LLC increased its position in Sirius XM by 310.5% during the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after acquiring an additional 890,048 shares during the last quarter. Finally, Check Capital Management Inc. CA increased its position in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after acquiring an additional 981,517 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SIRI shares. 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 research report on Thursday, December 19th. Rosenblatt Securities cut their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley cut their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.81.

Sirius XM Trading Up 1.9 %

NASDAQ SIRI opened at $23.47 on Monday. 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 capitalization of $7.95 billion, a price-to-earnings ratio of -3.66, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company’s 50-day simple moving average is $23.76 and its two-hundred day simple moving average is $24.66. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating 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%. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend 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.