Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Trims Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,512 shares of the company’s stock after selling 454 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Sirius XM were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Sessa Capital IM L.P. purchased a new stake in shares of Sirius XM in the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC purchased a new stake in Sirius XM in the third quarter valued at approximately $67,598,000. Seizert Capital Partners LLC acquired a new stake in shares of Sirius XM in the third quarter valued at approximately $46,173,000. Whitebox Advisors LLC grew its position in shares of Sirius XM by 310.5% during the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after acquiring an additional 890,048 shares during the last quarter. Finally, Wittenberg Investment Management Inc. grew its position in shares of 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 acquiring an additional 782,678 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Down 1.8 %

Shares of Sirius XM stock opened at $25.44 on Monday. The company has a 50-day moving average of $23.47 and a two-hundred day moving average of $26.38. The stock has a market cap of $8.62 billion, a PE ratio of -3.97, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $50.90.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data 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 anticipate that Sirius XM Holdings Inc. will post 3.17 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.27 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.25%. Sirius XM’s payout ratio is -16.85%.

Analyst Upgrades and Downgrades

SIRI has been the subject of a number of recent research reports. Benchmark reiterated a “buy” rating and set a $43.00 price target on shares of Sirius XM in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group dropped their price target on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Morgan Stanley decreased their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Finally, StockNews.com assumed coverage on Sirius XM in a report on Wednesday, November 13th. They issued a “sell” rating on the stock. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sirius XM currently has an average rating of “Hold” and a consensus target price of $26.96.

Sirius XM Company 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.