First Wilshire Securities Management Inc. Has $1.30 Million Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

First Wilshire Securities Management Inc. cut its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,845 shares of the company’s stock after selling 5,109 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in Sirius XM were worth $1,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its position in Sirius XM by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company’s stock valued at $89,284,000 after acquiring an additional 154,765 shares in the last quarter. Seizert Capital Partners LLC grew its stake in shares of Sirius XM by 16.3% during the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock valued at $51,747,000 after purchasing an additional 317,289 shares during the last quarter. Brandywine Global Investment Management LLC grew its stake 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 purchasing an additional 150,744 shares during the last quarter. Weitz Investment Management Inc. increased its holdings in shares of Sirius XM by 16.1% in the fourth quarter. Weitz Investment Management Inc. now owns 1,465,500 shares of the company’s stock valued at $33,413,000 after purchasing an additional 203,501 shares in the last quarter. Finally, Alberta Investment Management Corp raised its position in Sirius XM by 2.9% in the 4th quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock worth $29,014,000 after purchasing an additional 36,300 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Price Performance

SIRI opened at $21.96 on Wednesday. The stock has a market cap of $7.44 billion, a P/E ratio of -3.43, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $23.98 and a 200 day simple moving average of $24.48.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is currently -16.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SIRI. 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 report on Thursday, January 23rd. Guggenheim decreased their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Barrington Research set a $28.00 price target on shares of Sirius XM in a research report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average 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.