Towerview LLC Sells 500 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Towerview LLC lessened its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 335,300 shares of the company’s stock after selling 500 shares during the period. Sirius XM accounts for about 5.5% of Towerview LLC’s portfolio, making the stock its 5th biggest position. Towerview LLC’s holdings in Sirius XM were worth $7,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthspire Advisors LLC grew its stake in 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 acquiring an additional 643 shares during the period. Mill Creek Capital Advisors LLC grew its stake in Sirius XM by 5.8% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock valued at $348,000 after acquiring an additional 837 shares during the period. Geneos Wealth Management Inc. grew its stake in 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. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the 4th quarter valued at $26,000. Finally, Chicago Partners Investment Group LLC grew its stake in Sirius XM by 7.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after acquiring an additional 1,202 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SIRI shares. StockNews.com started coverage on Sirius XM in a report on Wednesday, November 13th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. raised their price objective on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Barrington Research set a $28.00 price target on Sirius XM in a report on Friday, January 31st. Rosenblatt Securities reduced their price target on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Morgan Stanley reduced their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Sirius XM has an average rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Down 0.9 %

Shares of SIRI opened at $23.92 on Friday. The firm has a market cap of $8.10 billion, a P/E ratio of -3.73, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $47.10. The company’s 50-day moving average price is $23.55 and its 200 day moving average price is $25.63. 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 (NASDAQ:SIRI) last issued its quarterly earnings data 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%. On average, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

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.