Bislett Management LLC Has $18.70 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Bislett Management LLC lowered its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 819,962 shares of the company’s stock after selling 80,038 shares during the quarter. Sirius XM accounts for 13.2% of Bislett Management LLC’s holdings, making the stock its 3rd biggest holding. Bislett Management LLC’s holdings in Sirius XM were worth $18,695,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SIRI. State of Alaska Department of Revenue lifted its position in shares of Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after purchasing an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA grew its stake in Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after acquiring an additional 981,517 shares in the last quarter. Legato Capital Management LLC increased its position in shares of Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock worth $1,949,000 after acquiring an additional 15,342 shares during the period. Franklin Resources Inc. raised its stake in shares of Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after acquiring an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC purchased a new stake in shares of Sirius XM in the fourth quarter valued at approximately $228,000. 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. Rosenblatt Securities reduced their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Barrington Research set a $28.00 price objective on Sirius XM in a report on Friday, January 31st. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Finally, Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Performance

Shares of SIRI stock opened at $22.33 on Thursday. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60. The business’s fifty day simple moving average is $23.98 and its 200-day simple moving average is $24.47. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market cap of $7.56 billion, a PE ratio of -3.48, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.84%. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

About Sirius XM

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.