Gabelli Funds LLC Lowers Stock Holdings in Sirius XM Holdings Inc. $SIRI

Gabelli Funds LLC trimmed its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 534,882 shares of the company’s stock after selling 26,000 shares during the period. Gabelli Funds LLC’s holdings in Sirius XM were worth $10,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Everstar Asset Management LLC lifted its position in shares of Sirius XM by 8.7% in the 4th quarter. Everstar Asset Management LLC now owns 42,164 shares of the company’s stock worth $856,000 after purchasing an additional 3,371 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Sirius XM by 754.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 80,308 shares of the company’s stock worth $1,606,000 after purchasing an additional 70,912 shares during the period. swisspartners Advisors Ltd lifted its position in shares of Sirius XM by 6.3% in the 4th quarter. swisspartners Advisors Ltd now owns 389,976 shares of the company’s stock worth $7,789,000 after purchasing an additional 23,138 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Sirius XM by 46.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 15,190 shares of the company’s stock worth $304,000 after purchasing an additional 4,784 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its position in shares of Sirius XM by 88.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 17,481 shares of the company’s stock worth $350,000 after purchasing an additional 8,207 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

SIRI has been the subject of several research reports. Weiss Ratings raised shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Citigroup reaffirmed a “sell” rating and issued a $22.00 price target (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Evercore set a $28.00 price target on shares of Sirius XM in a research report on Friday, May 1st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $34.00 price target (up from $29.00) on shares of Sirius XM in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.45.

Sirius XM Trading Down 0.2%

Shares of Sirius XM stock opened at $26.05 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a fifty day moving average price of $24.50 and a 200 day moving average price of $22.35. Sirius XM Holdings Inc. has a 1 year low of $19.76 and a 1 year high of $28.77. The stock has a market cap of $8.77 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.56 and a beta of 0.94.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the company posted $0.59 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts predict that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 11th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is 45.57%.

Sirius XM Company Profile

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.