Gamco Investors INC. ET AL Sells 38,934 Shares of Sirius XM Holdings Inc. $SIRI

Gamco Investors INC. ET AL trimmed its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 8.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 424,239 shares of the company’s stock after selling 38,934 shares during the period. Gamco Investors INC. ET AL’s holdings in Sirius XM were worth $8,483,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Everstar Asset Management LLC increased its position in 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 buying an additional 3,371 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in 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 buying an additional 70,912 shares during the period. swisspartners Advisors Ltd increased its position in 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 buying an additional 23,138 shares during the period. Valeo Financial Advisors LLC increased its position in 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 buying an additional 4,784 shares during the period. Finally, Swiss Life Asset Management Ltd increased its position in 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 buying an additional 8,207 shares during the period. 10.69% of the stock is owned by institutional investors.

Sirius XM Trading Down 0.2%

NASDAQ SIRI opened at $26.05 on Wednesday. The stock has a 50-day simple moving average of $24.50 and a 200 day simple moving average of $22.35. The company has a market capitalization of $8.77 billion, a PE ratio of 10.99, a P/E/G ratio of 0.56 and a beta of 0.94. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM Holdings Inc. has a 12 month low of $19.76 and a 12 month high of $28.77.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 earnings per share. Research analysts forecast that Sirius XM Holdings Inc. will post 3.1 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is presently 45.57%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SIRI. Barrington Research boosted their price objective on Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. UBS Group set a $24.00 price objective on Sirius XM in a research report on Tuesday, February 10th. Moffett Nathanson initiated coverage on Sirius XM in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 price target on the stock. Evercore set a $28.00 price target on Sirius XM in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Four equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.45.

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.