Signaturefd LLC Sells 2,412 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Signaturefd LLC reduced its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,523 shares of the company’s stock after selling 2,412 shares during the quarter. Signaturefd LLC’s holdings in Sirius XM were worth $103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seizert Capital Partners LLC boosted its stake in shares of 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 acquiring an additional 317,289 shares during the period. Alberta Investment Management Corp lifted its holdings in Sirius XM by 2.9% during the 4th quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock valued at $29,014,000 after purchasing an additional 36,300 shares during the last quarter. Wittenberg Investment Management Inc. boosted its position in Sirius XM by 161.1% during the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock worth $30,000,000 after purchasing an additional 782,678 shares during the period. Whitebox Advisors LLC increased its holdings in shares of Sirius XM by 310.5% in the third 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. Finally, Check Capital Management Inc. CA raised its position in shares of Sirius XM by 597.7% in the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after purchasing an additional 981,517 shares during the period. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Up 1.9 %

Shares of NASDAQ SIRI opened at $23.47 on Monday. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $41.60. The stock’s fifty day moving average is $23.76 and its 200 day moving average is $24.66. 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 stock has a market capitalization of $7.95 billion, a P/E ratio of -3.66, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 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%. Sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s payout ratio is presently -16.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SIRI. Rosenblatt Securities reduced their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Guggenheim lowered their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Finally, Morgan Stanley lowered their price objective 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. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.