Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 22.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 712,676 shares of the company’s stock after selling 203,428 shares during the period. Gabelli Funds LLC owned approximately 0.21% of Sirius XM worth $16,249,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM during the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Sirius XM in the fourth quarter worth $30,000. Geneos Wealth Management Inc. raised its stake in shares of Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the period. Gables Capital Management Inc. acquired a new position in shares of Sirius XM during the 4th quarter valued at $43,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after acquiring an additional 1,810 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SIRI. Morgan Stanley cut their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Guggenheim dropped their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Barrington Research set a $28.00 price target on Sirius XM in a report on Friday, January 31st. 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. Finally, Seaport Res Ptn upgraded shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.81.

Sirius XM Price Performance

Shares of SIRI opened at $20.42 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60. The stock has a 50 day moving average of $23.29 and a 200-day moving average of $24.16. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of -3.19, a PEG ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last posted 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 forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 5.29%. Sirius XM’s dividend payout ratio is presently -16.85%.

About Sirius XM

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.