Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock Position Lowered by abrdn plc

abrdn plc trimmed its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 15.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,272 shares of the company’s stock after selling 9,726 shares during the period. abrdn plc’s holdings in Sirius XM were worth $1,169,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in shares of Sirius XM in the fourth quarter worth $82,000. Chicago Partners Investment Group LLC boosted its position in Sirius XM by 7.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock worth $356,000 after acquiring an additional 1,202 shares during the period. Highland Capital Management LLC purchased a new position in Sirius XM during the 4th quarter valued at about $319,000. Nilsine Partners LLC acquired a new position in shares of Sirius XM in the 4th quarter valued at about $604,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Sirius XM in the fourth quarter worth approximately $26,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SIRI has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Rosenblatt Securities reduced their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Sirius XM in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Finally, StockNews.com assumed coverage on Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating for the company. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM has an average rating of “Hold” and a consensus target price of $26.96.

Sirius XM Trading Up 1.6 %

Sirius XM stock opened at $25.85 on Tuesday. The business’s 50-day simple moving average is $23.47 and its 200-day simple moving average is $26.29. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $50.50. The firm has a market capitalization of $8.76 billion, a PE ratio of -4.03, a PEG ratio of 0.82 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.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS 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%. Equities research analysts forecast that Sirius XM Holdings Inc. will post 3.17 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -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.