Sanctuary Advisors LLC Sells 11,445 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sanctuary Advisors LLC trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,003 shares of the company’s stock after selling 11,445 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sirius XM were worth $2,565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SIRI. Sessa Capital IM L.P. bought a new stake in shares of Sirius XM in the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in Sirius XM in the 3rd quarter valued at about $67,598,000. Seizert Capital Partners LLC bought a new position in Sirius XM in the 3rd quarter valued at about $46,173,000. Check Capital Management Inc. CA raised its holdings in Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after acquiring an additional 981,517 shares during the period. Finally, Whitebox Advisors LLC raised its holdings in Sirius XM by 310.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after acquiring an additional 890,048 shares during the period. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Performance

NASDAQ SIRI opened at $24.75 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of -3.86, a P/E/G ratio of 0.79 and a beta of 1.06. The firm’s 50 day simple moving average is $23.34 and its 200 day simple moving average is $25.78. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $48.00.

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

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given 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 4.36%. Sirius XM’s dividend payout ratio is currently -16.85%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SIRI shares. The Goldman Sachs Group lowered their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Morgan Stanley lowered their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Finally, Pivotal Research lowered their price target on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.