Diametric Capital LP Has $329,000 Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Diametric Capital LP lessened its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 72.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,440 shares of the company’s stock after selling 38,465 shares during the quarter. Diametric Capital LP’s holdings in Sirius XM were worth $329,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC grew its holdings in shares of Sirius XM by 7.3% during 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 buying an additional 150,744 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Sirius XM by 14.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,035 shares of the company’s stock valued at $776,000 after purchasing an additional 4,225 shares during the last quarter. Norges Bank purchased a new stake in Sirius XM during the fourth quarter worth about $28,269,000. Caisse Des Depots ET Consignations bought a new stake in shares of Sirius XM in the 4th quarter worth approximately $741,000. Finally, Weaver C. Barksdale & Associates Inc. bought a new stake in shares of Sirius XM in the fourth quarter valued at $1,148,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of SIRI opened at $21.96 on Wednesday. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The firm’s 50-day simple moving average is $23.98 and its two-hundred day simple moving average is $24.48. The stock has a market cap of $7.44 billion, a PE ratio of -3.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. 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 (NASDAQ:SIRI) last released its earnings results 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 positive return on equity of 13.44% and a negative net margin of 24.03%. Analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal 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 issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.92%. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SIRI. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Guggenheim dropped their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company cut their target price 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. Barrington Research set a $28.00 price target on shares of Sirius XM in a research report on Friday, January 31st. 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 report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently 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.