Corient Private Wealth LLC Has $476,000 Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Corient Private Wealth LLC cut its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 33.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,875 shares of the company’s stock after selling 10,677 shares during the quarter. Corient Private Wealth LLC’s holdings in Sirius XM were worth $476,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA acquired a new stake in shares of Sirius XM in the fourth quarter valued at about $26,000. First Command Advisory Services Inc. bought a new stake in Sirius XM during the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. grew its holdings in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after buying an additional 1,144 shares during the last quarter. Gables Capital Management Inc. bought a new position in Sirius XM in the 4th quarter worth approximately $43,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after buying an additional 1,810 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Sirius XM stock opened at $22.75 on Friday. The business has a 50 day simple moving average of $23.98 and a 200 day simple moving average of $24.55. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60. The company has a market capitalization of $7.71 billion, a PE ratio of -3.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. 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 (NASDAQ:SIRI) last issued its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. On average, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is currently -16.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim dropped their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Rosenblatt Securities cut their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company decreased their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Finally, Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.81.

About Sirius XM

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.