Sanctuary Advisors LLC Has $2.57 Million Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sanctuary Advisors LLC lowered its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,003 shares of the company’s stock after selling 11,445 shares during the period. Sanctuary Advisors LLC’s holdings in Sirius XM were worth $2,565,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Sirius XM by 113.6% in the third quarter. Blue Trust Inc. now owns 3,644 shares of the company’s stock worth $86,000 after purchasing an additional 1,938 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Sirius XM by 388.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,912 shares of the company’s stock worth $116,000 after buying an additional 3,906 shares during the period. International Assets Investment Management LLC increased its stake in shares of Sirius XM by 137.6% in the third quarter. International Assets Investment Management LLC now owns 5,865 shares of the company’s stock valued at $139,000 after buying an additional 3,397 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sirius XM in the third quarter valued at about $1,870,000. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Sirius XM by 575.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 267,449 shares of the company’s stock worth $6,325,000 after acquiring an additional 227,829 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $24.75 on Friday. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $48.00. The stock’s 50 day moving average is $23.34 and its 200-day moving average is $25.78. 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 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 released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share 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%. Sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Guggenheim decreased their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Rosenblatt Securities decreased their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Morgan Stanley dropped their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.81.

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.