Transcend Capital Advisors LLC Decreases Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Transcend Capital Advisors LLC cut its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,937 shares of the company’s stock after selling 5,000 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Sirius XM were worth $125,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of Sirius XM in the fourth quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new stake in shares of Sirius XM in the third quarter valued at approximately $27,000. ORG Partners LLC purchased a new stake in shares of Sirius XM in the fourth quarter valued at approximately $49,000. Fidelis Capital Partners LLC purchased a new stake in Sirius XM during the third quarter worth $47,000. Finally, Garden State Investment Advisory Services LLC acquired a new stake in Sirius XM in the third quarter valued at $47,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sirius XM

In other news, Director James E. Meyer sold 800,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the transaction, the director now directly owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director James E. Meyer sold 800,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the transaction, the director now directly owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the transaction, the insider now owns 746,816 shares in the company, valued at $3,659,398.40. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

Sirius XM Trading Down 7.3 %

NASDAQ:SIRI opened at $2.94 on Wednesday. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 1.02 and a beta of 1.04. The company’s 50-day moving average is $3.78 and its two-hundred day moving average is $4.58. Sirius XM Holdings Inc. has a 12-month low of $2.92 and a 12-month high of $7.95.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, February 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.30 billion. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 0.29 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.0266 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.11 annualized dividend and a dividend yield of 3.62%. Sirius XM’s payout ratio is currently 34.38%.

Wall Street Analysts Forecast Growth

SIRI has been the subject of several research reports. Citigroup raised Sirius XM from a “sell” rating to a “neutral” rating and cut their price target for the stock from $4.10 to $3.30 in a research note on Wednesday, April 24th. Guggenheim started coverage on shares of Sirius XM in a research note on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price objective on the stock. Seaport Res Ptn raised shares of Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company lowered their price objective on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating on the stock in a research note on Monday, April 1st. Finally, StockNews.com started coverage on shares of Sirius XM in a research note on Monday. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sirius XM presently has a consensus rating of “Hold” and a consensus price target of $4.75.

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.