Gamco Investors INC. ET AL Sells 14,201 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Gamco Investors INC. ET AL trimmed its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 509,992 shares of the company’s stock after selling 14,201 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Sirius XM were worth $11,628,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Sirius XM by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company’s stock worth $89,284,000 after acquiring an additional 154,765 shares during the period. Seizert Capital Partners LLC increased its holdings in Sirius XM by 16.3% during the 4th quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock worth $51,747,000 after purchasing an additional 317,289 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Sirius XM in the 4th quarter valued at about $51,535,000. Brandywine Global Investment Management LLC lifted its holdings in shares of Sirius XM by 7.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company’s stock valued at $50,571,000 after purchasing an additional 150,744 shares in the last quarter. Finally, Weitz Investment Management Inc. boosted its position in shares of Sirius XM by 16.1% during the fourth quarter. Weitz Investment Management Inc. now owns 1,465,500 shares of the company’s stock worth $33,413,000 after buying an additional 203,501 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SIRI. Morgan Stanley dropped their target price 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. Rosenblatt Securities cut their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Guggenheim reduced their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price target 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, Barrington Research set a $28.00 price objective on shares of Sirius XM in a research note on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Performance

Shares of NASDAQ 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. The company has a market capitalization of $6.92 billion, a P/E ratio of -3.19, a P/E/G ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $41.60. The stock has a 50 day moving average of $23.29 and a 200-day moving average of $24.16.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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%. As a group, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders 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 yield of 5.29%. Sirius XM’s dividend payout ratio (DPR) is presently -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.