Rhumbline Advisers Sells 3,577 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Rhumbline Advisers lowered its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,416 shares of the company’s stock after selling 3,577 shares during the period. Rhumbline Advisers owned 0.08% of Sirius XM worth $5,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc raised its position in Sirius XM by 11.7% during the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company’s stock worth $2,678,283,000 after purchasing an additional 12,313,544 shares during the last quarter. LSV Asset Management bought a new position in shares of Sirius XM in the fourth quarter valued at approximately $51,535,000. Norges Bank bought a new position in shares of Sirius XM in the fourth quarter valued at approximately $28,269,000. Toronto Dominion Bank bought a new position in shares of Sirius XM in the fourth quarter valued at approximately $22,398,000. Finally, Check Capital Management Inc. CA grew its holdings in shares of Sirius XM by 597.7% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

SIRI has been the subject of several research reports. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Rosenblatt Securities reduced their price objective on Sirius XM from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Finally, Barrington Research reissued an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.65.

Insider Transactions at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the transaction, the director now owns 15,471 shares of the company’s stock, valued at $344,539.17. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.32% of the company’s stock.

Sirius XM Stock Down 3.0%

Shares of Sirius XM stock opened at $21.91 on Friday. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. The business has a 50-day moving average of $21.37 and a two-hundred day moving average of $22.94. The company has a market capitalization of $7.40 billion, a P/E ratio of -3.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM’s dividend payout ratio is currently -16.56%.

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.