Royal London Asset Management Ltd. Sells 1,194 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Royal London Asset Management Ltd. decreased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 125,407 shares of the company’s stock after selling 1,194 shares during the period. Royal London Asset Management Ltd.’s holdings in Sirius XM were worth $2,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SIRI. Check Capital Management Inc. CA grew its position in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after buying an additional 981,517 shares in the last quarter. Whitebox Advisors LLC grew its holdings in shares of Sirius XM by 310.5% during the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after purchasing an additional 890,048 shares in the last quarter. Wittenberg Investment Management Inc. increased its position in shares of Sirius XM by 161.1% during 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. Capital Management Corp VA acquired a new position in shares of Sirius XM in the 4th quarter valued at $11,339,000. Finally, Swiss National Bank acquired a new position in Sirius XM in the third quarter worth about $10,219,000. 10.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SIRI has been the subject of several analyst reports. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Rosenblatt Securities lowered their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Finally, Guggenheim reduced their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Stock Performance

SIRI stock opened at $23.95 on Tuesday. 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 business’s 50-day moving average price is $23.82 and its two-hundred day moving average price is $24.62. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $41.60. The firm has a market cap of $8.11 billion, a PE ratio of -3.74, a P/E/G 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 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%. As a group, research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.51%. Sirius XM’s payout ratio 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.