Brown Brothers Harriman & Co. Sells 2,533 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Brown Brothers Harriman & Co. cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 16.3% in the 4th quarter, Holdings Channel reports. The firm owned 12,960 shares of the company’s stock after selling 2,533 shares during the period. Brown Brothers Harriman & Co.’s holdings in Sirius XM were worth $295,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SIRI. Xponance Inc. lifted its position in shares of Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company’s stock worth $281,000 after buying an additional 527 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock worth $339,000 after acquiring an additional 630 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock valued at $358,000 after purchasing an additional 643 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock valued at $325,000 after purchasing an additional 791 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC increased its position in Sirius XM by 5.8% during 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 in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

Shares of SIRI opened at $22.55 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $23.98 and its two-hundred day simple moving average is $24.50. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $41.60. The stock has a market capitalization of $7.64 billion, a P/E ratio of -3.52, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Rosenblatt Securities cut their price target 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 report on Friday, January 31st. Finally, Wells Fargo & Company cut their target price 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. Six equities research 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. According to MarketBeat, the stock has an average 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.