Lipe & Dalton Reduces Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Lipe & Dalton lessened its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 14.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,000 shares of the company’s stock after selling 6,452 shares during the quarter. Lipe & Dalton’s holdings in Sirius XM were worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SIRI. Sessa Capital IM L.P. bought a new position in shares of Sirius XM in the third quarter worth about $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in Sirius XM in the 3rd quarter worth about $67,598,000. Seizert Capital Partners LLC purchased a new position in shares of Sirius XM during the third quarter worth approximately $46,173,000. Alberta Investment Management Corp raised its stake in shares of Sirius XM by 2.9% during the fourth quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock valued at $29,014,000 after acquiring an additional 36,300 shares in the last quarter. Finally, Wittenberg Investment Management Inc. boosted its holdings in shares of Sirius XM by 161.1% in the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company’s stock valued at $30,000,000 after purchasing an additional 782,678 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SIRI. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Morgan Stanley cut their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Rosenblatt Securities lowered their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. StockNews.com assumed coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock. Finally, Wells Fargo & Company lowered their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sirius XM presently has a consensus rating of “Hold” and a consensus price target of $26.96.

Sirius XM Trading Down 1.7 %

Sirius XM stock opened at $24.75 on Friday. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $48.00. The stock has a market cap of $8.38 billion, a PE ratio of -3.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a 50-day moving average of $23.34 and a two-hundred day moving average of $25.82.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

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.