Sirius XM Holdings Inc. $SIRI is Bislett Management LLC’s 3rd Largest Position

Bislett Management LLC reduced its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 743,306 shares of the company’s stock after selling 30,003 shares during the period. Sirius XM makes up about 12.5% of Bislett Management LLC’s investment portfolio, making the stock its 3rd biggest position. Bislett Management LLC owned approximately 0.22% of Sirius XM worth $17,300,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of Sirius XM in the third quarter worth approximately $33,000. Mather Group LLC. purchased a new position in shares of Sirius XM during the 3rd quarter worth $42,000. Geneos Wealth Management Inc. grew its position in shares of Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in Sirius XM in the 3rd quarter worth $44,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Sirius XM during the second quarter valued at about $44,000. Institutional investors own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a research report on Thursday, February 5th. JPMorgan Chase & Co. upgraded shares of Sirius XM from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $24.00 in a research report on Tuesday, February 10th. Weiss Ratings cut shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Rosenblatt Securities upped their target price on shares of Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, UBS Group set a $24.00 price target on Sirius XM in a report on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.44.

Sirius XM Stock Up 2.7%

Shares of SIRI stock opened at $22.36 on Thursday. The company’s fifty day simple moving average is $21.15 and its two-hundred day simple moving average is $21.71. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $24.92. The stock has a market cap of $7.49 billion, a P/E ratio of 9.98, a PEG ratio of 0.37 and a beta of 0.92. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.75.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.08 dividend on an annualized basis and a yield of 4.8%. Sirius XM’s payout ratio is presently 48.21%.

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.