Seizert Capital Partners LLC Lowers Position in Sirius XM Holdings Inc. $SIRI

Seizert Capital Partners LLC reduced its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.0% during the third quarter, Holdings Channel.com reports. The fund owned 1,960,976 shares of the company’s stock after selling 80,884 shares during the quarter. Sirius XM accounts for 2.0% of Seizert Capital Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Seizert Capital Partners LLC’s holdings in Sirius XM were worth $45,642,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Sound Income Strategies LLC purchased a new stake in Sirius XM in the third quarter valued at approximately $33,000. Quaker Wealth Management LLC raised its position in shares of Sirius XM by 214.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company’s stock valued at $37,000 after buying an additional 3,001 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Sirius XM by 47.8% during the 2nd quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock worth $37,000 after acquiring an additional 523 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after acquiring an additional 493 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in Sirius XM during the third quarter valued at about $42,000. Institutional investors own 10.69% of the company’s stock.

Insider Buying and Selling at Sirius XM

In other news, Director Kristina Salen sold 1,845 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $21.64, for a total transaction of $39,925.80. Following the sale, the director owned 19,969 shares in the company, valued at approximately $432,129.16. The trade was a 8.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.79% of the stock is owned by corporate insiders.

Sirius XM Price Performance

SIRI opened at $20.12 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $6.77 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.28 and a beta of 0.93. The stock’s 50 day moving average price is $21.07 and its 200-day moving average price is $22.16. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $27.41.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a return on equity of 8.79% and a net margin of 11.61%.The firm’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted ($8.74) earnings per share. On average, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Wednesday, November 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Wednesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is presently 38.16%.

Analysts Set New Price Targets

SIRI has been the topic of several recent research reports. Benchmark reiterated a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of Sirius XM from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, October 31st. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sirius XM in a research report on Monday, December 29th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $23.00 price target on shares of Sirius XM in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.29.

About Sirius XM

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.