Hi Line Capital Management LLC Has $9.95 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Hi Line Capital Management LLC cut its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 436,365 shares of the company’s stock after selling 9,098 shares during the period. Sirius XM accounts for 4.3% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Hi Line Capital Management LLC’s holdings in Sirius XM were worth $9,949,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM in the 4th quarter worth approximately $26,000. TCTC Holdings LLC purchased a new stake in shares of Sirius XM during the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. raised its position in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after purchasing an additional 1,144 shares during the period. Princeton Global Asset Management LLC raised its position in Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after purchasing an additional 1,315 shares during the period. Finally, Avior Wealth Management LLC raised its position in Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after purchasing an additional 1,810 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SIRI. Rosenblatt Securities cut their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Morgan Stanley cut their target price 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. Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. StockNews.com began coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. Finally, Wells Fargo & Company dropped 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 note on Thursday, December 19th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.81.

Sirius XM Stock Down 1.7 %

SIRI opened at $24.75 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average price of $23.34 and a 200-day moving average price of $25.75. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $48.00. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of -3.86, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.36%. Sirius XM’s dividend payout ratio is -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.