Ancora Advisors LLC Sells 50,488 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Ancora Advisors LLC trimmed its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 52.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,745 shares of the company’s stock after selling 50,488 shares during the period. Ancora Advisors LLC’s holdings in Sirius XM were worth $1,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after buying an additional 58,993 shares during the period. Everence Capital Management Inc. purchased a new position in Sirius XM during the 4th quarter valued at about $241,000. First Hawaiian Bank bought a new stake in shares of Sirius XM in the 4th quarter valued at about $454,000. Miracle Mile Advisors LLC purchased a new stake in shares of Sirius XM in the 4th quarter worth approximately $268,000. Finally, FNY Investment Advisers LLC boosted its stake in shares of Sirius XM by 1.5% during the fourth quarter. FNY Investment Advisers LLC now owns 135,017 shares of the company’s stock valued at $3,078,000 after purchasing an additional 1,979 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SIRI has been the topic of a number of recent research reports. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Rosenblatt Securities decreased their price target on shares of Sirius XM from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday. Barrington Research reissued an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a report on Friday. Morgan Stanley reduced their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Finally, Guggenheim cut their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.65.

Sirius XM Trading Up 4.0 %

Shares of Sirius XM stock opened at $21.29 on Tuesday. The business has a 50 day moving average price of $21.94 and a 200 day moving average price of $23.78. The company has a market capitalization of $7.21 billion, a P/E ratio of -3.32, a P/E/G ratio of 0.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. Sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 5.07%. Sirius XM’s dividend payout ratio is presently -16.56%.

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.