Loomis Sayles & Co. L P Sells 505,318 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Loomis Sayles & Co. L P decreased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 93.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,719 shares of the company’s stock after selling 505,318 shares during the period. Loomis Sayles & Co. L P’s holdings in Sirius XM were worth $792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM during the 4th quarter valued at $26,000. First Command Advisory Services Inc. purchased a new stake in Sirius XM during the fourth quarter valued at $30,000. Geneos Wealth Management Inc. lifted its holdings in Sirius XM by 574.9% in the fourth 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. Gables Capital Management Inc. purchased a new position in Sirius XM in the fourth quarter worth about $43,000. Finally, Avior Wealth Management LLC grew its stake in shares of Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after purchasing an additional 1,810 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Performance

SIRI opened at $22.75 on Friday. 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 $7.71 billion, a price-to-earnings ratio of -3.55, a PEG ratio of 0.79 and a beta of 1.06. The company has a fifty day moving average of $23.98 and a 200 day moving average of $24.55. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $41.60.

Sirius XM (NASDAQ:SIRI) last issued 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 positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.75%. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Analyst Ratings Changes

SIRI has been the topic of several recent research reports. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research note on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Guggenheim decreased their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley decreased their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and an average price target of $26.81.

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.