Pentwater Capital Management LP Has $10.26 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Pentwater Capital Management LP trimmed its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 34.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 450,000 shares of the company’s stock after selling 232,507 shares during the period. Sirius XM accounts for 0.1% of Pentwater Capital Management LP’s holdings, making the stock its 27th biggest position. Pentwater Capital Management LP’s holdings in Sirius XM were worth $10,260,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SIRI. Wilmington Savings Fund Society FSB acquired a new position in shares of Sirius XM during the third quarter worth approximately $5,489,000. Franklin Resources Inc. raised its position in shares of Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after purchasing an additional 58,993 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Sirius XM during the fourth quarter worth approximately $241,000. Central Pacific Bank Trust Division purchased a new stake in Sirius XM in the 4th quarter valued at $104,000. Finally, First Hawaiian Bank purchased a new stake in Sirius XM in the 4th quarter valued at $454,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Stock Up 0.5 %

SIRI stock opened at $21.77 on Tuesday. 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 $7.38 billion, a price-to-earnings ratio of -3.40, a PEG ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The stock has a fifty day moving average of $22.32 and a 200-day moving average of $23.99.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping 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, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be given a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.96%. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley lowered their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Rosenblatt Securities lowered their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Guggenheim lowered their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Barrington Research set a $28.00 price target on Sirius XM in a research report on Friday, January 31st. Six analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.81.

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.