Bislett Management LLC Reduces Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Bislett Management LLC reduced its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 8.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 819,962 shares of the company’s stock after selling 80,038 shares during the quarter. Sirius XM accounts for about 13.2% of Bislett Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Bislett Management LLC owned 0.24% of Sirius XM worth $18,695,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM during the fourth quarter valued at $26,000. First Command Advisory Services Inc. purchased a new position in Sirius XM in the 4th quarter worth about $30,000. Geneos Wealth Management Inc. lifted its stake in Sirius XM by 574.9% during the 4th 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 stake in shares of Sirius XM during the 4th quarter valued at about $43,000. Finally, Avior Wealth Management LLC grew its stake in shares of Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after acquiring an additional 1,810 shares during the period. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Stock Performance

SIRI opened at $22.33 on Thursday. The company has a 50 day simple moving average of $23.98 and a two-hundred day simple moving average of $24.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $7.56 billion, a P/E ratio of -3.48, a PEG ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $41.60.

Sirius XM (NASDAQ:SIRI) last released its earnings results 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 negative net margin of 24.03% and a positive return on equity of 13.44%. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal 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 issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Rosenblatt Securities lowered 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 lowered 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. Barrington Research set a $28.00 price objective on Sirius XM in a report on Friday, January 31st. Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Finally, Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six investment 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.