Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Purchased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC grew its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 7.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,218,017 shares of the company’s stock after purchasing an additional 150,744 shares during the period. Brandywine Global Investment Management LLC’s holdings in Sirius XM were worth $50,571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in 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 increased 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 during the period. Legato Capital Management LLC boosted its holdings in shares of Sirius XM by 21.9% in the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after acquiring an additional 15,342 shares during the period. Franklin Resources Inc. increased its holdings in shares of Sirius XM by 209.1% in the 3rd 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 during the period. Finally, MBA Advisors LLC acquired a new stake in Sirius XM during the 4th quarter worth $228,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SIRI has been the topic of a number of recent research reports. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Barrington Research set a $28.00 price objective on Sirius XM in a research report on Friday, January 31st. Rosenblatt Securities lowered their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Guggenheim decreased their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price objective 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. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Stock Down 4.5 %

Sirius XM stock opened at $22.75 on Friday. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of -3.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The stock’s fifty day moving average is $23.98 and its two-hundred day moving average is $24.55. 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 data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating 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%. Analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.75%. Sirius XM’s dividend payout ratio is currently -16.85%.

Sirius XM Profile

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.