Carnegie Capital Asset Management LLC Lowers Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Carnegie Capital Asset Management LLC lessened its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Rating) by 11.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,530 shares of the company’s stock after selling 29,600 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Sirius XM were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in SIRI. Smith Moore & CO. boosted its stake in Sirius XM by 1.4% in the 4th quarter. Smith Moore & CO. now owns 106,570 shares of the company’s stock worth $677,000 after purchasing an additional 1,500 shares during the period. People s United Financial Inc. raised its holdings in shares of Sirius XM by 5.0% during the 4th quarter. People s United Financial Inc. now owns 34,014 shares of the company’s stock valued at $216,000 after buying an additional 1,625 shares in the last quarter. Wade G W & Inc. raised its holdings in shares of Sirius XM by 10.5% during the 4th quarter. Wade G W & Inc. now owns 18,840 shares of the company’s stock valued at $120,000 after buying an additional 1,792 shares in the last quarter. Key Financial Inc raised its holdings in shares of Sirius XM by 103.0% during the 4th quarter. Key Financial Inc now owns 3,941 shares of the company’s stock valued at $25,000 after buying an additional 2,000 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Sirius XM by 59.3% during the 4th quarter. Lindbrook Capital LLC now owns 5,375 shares of the company’s stock valued at $34,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 11.79% of the company’s stock.

Shares of SIRI stock opened at $5.93 on Thursday. The firm has a market cap of $23.34 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.89 and a beta of 0.95. Sirius XM Holdings Inc. has a fifty-two week low of $5.69 and a fifty-two week high of $6.88. The business’s 50 day moving average price is $6.15 and its 200-day moving average price is $6.27.

Sirius XM (NASDAQ:SIRI – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.15 billion. Sirius XM had a negative return on equity of 49.74% and a net margin of 15.90%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. On average, research analysts forecast that Sirius XM Holdings Inc. will post 0.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Friday, May 6th were given a dividend of $0.022 per share. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $0.09 annualized dividend and a dividend yield of 1.48%. Sirius XM’s dividend payout ratio is presently 26.47%.

A number of equities analysts recently weighed in on SIRI shares. Morgan Stanley cut Sirius XM from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective on the stock. in a report on Monday, April 18th. StockNews.com cut Sirius XM from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Finally, Rosenblatt Securities assumed coverage on Sirius XM in a research note on Tuesday, April 19th. They issued a “buy” rating and a $8.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Sirius XM presently has an average rating of “Hold” and a consensus target price of $7.29.

Sirius XM Company Profile (Get Rating)

Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels.

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