Carnegie Capital Asset Management LLC Lowers Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Carnegie Capital Asset Management LLC decreased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRIGet Rating) by 11.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,530 shares of the company’s stock after selling 29,600 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Sirius XM were worth $1,486,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Key Financial Inc raised its stake in shares of Sirius XM by 103.0% in the fourth quarter. Key Financial Inc now owns 3,941 shares of the company’s stock worth $25,000 after purchasing an additional 2,000 shares during the last quarter. Covestor Ltd purchased a new position in shares of Sirius XM in the fourth quarter worth $26,000. Kozak & Associates Inc. purchased a new position in shares of Sirius XM in the third quarter worth $27,000. Lindbrook Capital LLC raised its stake in shares of Sirius XM by 59.3% in the fourth quarter. Lindbrook Capital LLC now owns 5,375 shares of the company’s stock worth $34,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Ellevest Inc. raised its stake in shares of Sirius XM by 173.2% in the fourth quarter. Ellevest Inc. now owns 5,869 shares of the company’s stock worth $37,000 after purchasing an additional 3,721 shares during the last quarter. Hedge funds and other institutional investors own 11.79% of the company’s stock.

Several research firms have recently weighed in on SIRI. StockNews.com cut Sirius XM from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Rosenblatt Securities assumed coverage on Sirius XM in a research report on Tuesday, April 19th. They set a “buy” rating and a $8.00 price objective for the company. Finally, Morgan Stanley cut Sirius XM from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research report on Monday, April 18th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.29.

NASDAQ:SIRI opened at $5.93 on Thursday. The stock has a 50-day simple moving average of $6.15 and a two-hundred day simple moving average of $6.27. Sirius XM Holdings Inc. has a 52-week low of $5.69 and a 52-week high of $6.88. The firm has a market capitalization of $23.34 billion, a PE ratio of 17.44, a P/E/G ratio of 1.89 and a beta of 0.95.

Sirius XM (NASDAQ:SIRIGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Sirius XM had a negative return on equity of 49.74% and a net margin of 15.90%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. Sirius XM’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that Sirius XM Holdings Inc. will post 0.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Friday, May 6th were issued a dividend of $0.022 per share. This represents a $0.09 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, May 5th. Sirius XM’s dividend payout ratio is presently 26.47%.

Sirius XM Profile (Get Rating)

Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels.

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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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