Sirius XM Holdings Inc. $SIRI Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,313,347 shares of the company’s stock after selling 130,064 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Sirius XM were worth $46,255,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Berkshire Hathaway Inc increased its stake in Sirius XM by 4.2% in the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after purchasing an additional 5,030,425 shares during the period. AQR Capital Management LLC increased its stake in Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after purchasing an additional 3,233,922 shares during the period. Check Capital Management Inc. CA increased its stake in Sirius XM by 39.9% in the fourth quarter. Check Capital Management Inc. CA now owns 2,883,500 shares of the company’s stock valued at $57,656,000 after purchasing an additional 821,657 shares during the period. Norges Bank acquired a new position in Sirius XM in the fourth quarter valued at $57,124,000. Finally, Ameriprise Financial Inc. increased its stake in Sirius XM by 4.8% in the third quarter. Ameriprise Financial Inc. now owns 2,635,274 shares of the company’s stock valued at $61,336,000 after purchasing an additional 119,755 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barrington Research lifted their price objective on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Citigroup restated a “sell” rating and issued a $22.00 price objective (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. Rosenblatt Securities lowered their target price on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Evercore set a $28.00 target price on shares of Sirius XM in a report on Friday, May 1st. Finally, UBS Group set a $24.00 target price on shares of Sirius XM in a report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.45.

Insider Buying and Selling

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the sale, the insider owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.27% of the company’s stock.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $29.52 on Monday. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.64 and a beta of 0.96. The firm’s 50-day simple moving average is $25.60 and its 200-day simple moving average is $22.75. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $30.11.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 3.7%. Sirius XM’s payout ratio is currently 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.