Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,512 shares of the company’s stock after selling 454 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Sirius XM were worth $99,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SIRI. Sessa Capital IM L.P. acquired a new stake in shares of Sirius XM during the 3rd quarter worth approximately $77,983,000. Thompson Siegel & Walmsley LLC acquired a new stake in Sirius XM during the third quarter worth $67,598,000. Seizert Capital Partners LLC acquired a new stake in Sirius XM during the third quarter worth $46,173,000. Wittenberg Investment Management Inc. raised its position in Sirius XM by 161.1% in the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after purchasing an additional 782,678 shares during the period. Finally, Whitebox Advisors LLC lifted its stake in shares of Sirius XM by 310.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after purchasing an additional 890,048 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on SIRI. Wells Fargo & Company reduced their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. StockNews.com assumed coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating on the stock. Guggenheim lowered their price objective 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. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Sirius XM in a research report on Thursday, January 30th. Finally, Benchmark restated a “buy” rating and set a $43.00 price target on shares of Sirius XM in a research note on Tuesday, October 15th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.96.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $25.44 on Monday. The business has a 50-day simple moving average of $23.47 and a 200-day simple moving average of $26.38. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $50.90. The company has a market cap of $8.62 billion, a PE ratio of -3.97, a P/E/G ratio of 0.82 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.17 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio is presently -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.