Sirius XM Holdings Inc. (NASDAQ:SIRI) Position Trimmed by Nisa Investment Advisors LLC

Posted by Defense World Staff on Apr 25th, 2023

Nisa Investment Advisors LLC trimmed its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Rating) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 504,493 shares of the company’s stock after selling 12,013 shares during the period. Nisa Investment Advisors LLC’s holdings in Sirius XM were worth $2,946,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Sirius XM in the 4th quarter valued at approximately $29,000. Accurate Wealth Management LLC purchased a new stake in shares of Sirius XM in the 4th quarter valued at approximately $30,000. Harbor Investment Advisory LLC lifted its position in shares of Sirius XM by 446.0% in the 3rd quarter. Harbor Investment Advisory LLC now owns 5,460 shares of the company’s stock valued at $31,000 after acquiring an additional 4,460 shares in the last quarter. TD Capital Management LLC purchased a new stake in shares of Sirius XM in the 3rd quarter valued at approximately $51,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Sirius XM in the 4th quarter valued at approximately $61,000. 10.10% of the stock is currently owned by institutional investors.

Sirius XM Trading Down 1.6 %

Sirius XM stock opened at $3.78 on Tuesday. The company has a market capitalization of $14.71 billion, a P/E ratio of 12.60, a P/E/G ratio of 2.18 and a beta of 0.95. The firm’s fifty day simple moving average is $4.04 and its 200-day simple moving average is $5.31. Sirius XM Holdings Inc. has a 1-year low of $3.43 and a 1-year high of $6.85.

Sirius XM (NASDAQ:SIRI – Get Rating) last posted its earnings results on Thursday, February 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Sirius XM had a net margin of 13.48% and a negative return on equity of 35.45%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the business posted $0.08 EPS. Sirius XM’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts predict that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Friday, May 5th will be paid a $0.0242 dividend. The ex-dividend date is Thursday, May 4th. This represents a $0.10 dividend on an annualized basis and a yield of 2.56%. Sirius XM’s payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SIRI shares. Wells Fargo & Company reduced their price target on shares of Sirius XM from $7.00 to $5.50 and set an “equal weight” rating for the company in a research report on Friday, February 3rd. StockNews.com downgraded shares of Sirius XM from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Citigroup cut their target price on shares of Sirius XM from $4.50 to $3.60 and set a “sell” rating for the company in a research report on Friday, March 31st. Pivotal Research cut their target price on shares of Sirius XM from $6.75 to $5.00 and set a “hold” rating for the company in a research report on Thursday, February 9th. Finally, Morgan Stanley cut their target price on shares of Sirius XM from $5.40 to $4.40 and set an “underweight” rating for the company in a research report on Thursday, April 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.39.

Sirius XM Company Profile

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Sirius XM Holdings, Inc engages in the provision of audio entertainment. It operates through Sirius XM and Pandora and Off-Platform segments. The company was founded on May 17, 1990, and is headquartered in New York, NY.