Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,881 shares of the company’s stock after selling 4,081 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sirius XM were worth $217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BKM Wealth Management LLC bought a new position in shares of Sirius XM during the fourth quarter worth about $27,000. First PREMIER Bank bought a new position in shares of Sirius XM during the first quarter worth about $31,000. First United Bank & Trust bought a new position in shares of Sirius XM during the fourth quarter worth about $37,000. TFO Wealth Partners LLC grew its position in shares of Sirius XM by 140,560.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after acquiring an additional 7,028 shares during the last quarter. Finally, Satovsky Asset Management LLC bought a new position in Sirius XM in the 1st quarter valued at about $40,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kristina Salen sold 12,518 shares of Sirius XM stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total value of $32,546.80. Following the transaction, the director now owns 169,309 shares of the company’s stock, valued at $440,203.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SIRI. StockNews.com began coverage on shares of Sirius XM in a research report on Wednesday. They issued a “hold” rating for the company. Rosenblatt Securities reduced their price objective on shares of Sirius XM from $4.50 to $3.40 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company reduced their price objective on shares of Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a research note on Wednesday, May 1st. Seaport Res Ptn raised shares of Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Finally, Citigroup raised shares of Sirius XM from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $4.10 to $3.30 in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Sirius XM presently has a consensus rating of “Hold” and an average target price of $4.11.

Sirius XM Stock Up 2.3 %

NASDAQ SIRI opened at $3.51 on Thursday. The stock has a market capitalization of $13.50 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The company has a 50 day moving average price of $2.91 and a two-hundred day moving average price of $3.90. Sirius XM Holdings Inc. has a 12-month low of $2.45 and a 12-month high of $7.95.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. As a group, equities analysts anticipate that Sirius XM Holdings Inc. will post 0.31 EPS for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th were given a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, May 9th. Sirius XM’s dividend payout ratio is 30.30%.

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.