Private Advisor Group LLC cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 53.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,676 shares of the company’s stock after selling 62,871 shares during the quarter. Private Advisor Group LLC’s holdings in Sirius XM were worth $296,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. American Century Companies Inc. raised its stake in shares of Sirius XM by 27.6% during the fourth quarter. American Century Companies Inc. now owns 44,612,437 shares of the company’s stock worth $239,123,000 after acquiring an additional 9,657,090 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Sirius XM by 4.0% in the third quarter. Eagle Asset Management Inc. now owns 13,785,317 shares of the company’s stock worth $75,819,000 after purchasing an additional 526,766 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Sirius XM by 18.1% in the fourth quarter. APG Asset Management N.V. now owns 13,210,562 shares of the company’s stock worth $58,968,000 after purchasing an additional 2,024,500 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Sirius XM by 13.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,370,146 shares of the company’s stock worth $34,143,000 after purchasing an additional 777,414 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Sirius XM by 0.5% in the third quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock worth $33,375,000 after purchasing an additional 27,200 shares during the last quarter. 20.35% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO James E. Meyer sold 172,704 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total transaction of $980,958.72. Following the sale, the chief executive officer now owns 3,377,085 shares in the company, valued at approximately $19,181,842.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas D. Barry sold 175,777 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $6.11, for a total transaction of $1,073,997.47. Following the sale, the vice president now owns 551,815 shares in the company, valued at approximately $3,371,589.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,586,530 shares of company stock worth $15,157,263. 1.06% of the stock is currently owned by company insiders.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $6.28 on Thursday. The firm has a market cap of $28,250.00, a price-to-earnings ratio of 44.86, a P/E/G ratio of 1.77 and a beta of 1.17. Sirius XM Holdings Inc. has a fifty-two week low of $4.73 and a fifty-two week high of $6.38. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of -4.42.
Sirius XM announced that its Board of Directors has approved a share buyback plan on Tuesday, January 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 7th were issued a $0.011 dividend. This represents a $0.04 annualized dividend and a yield of 0.70%. The ex-dividend date was Tuesday, February 6th. Sirius XM’s dividend payout ratio (DPR) is currently 28.57%.
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Sirius XM Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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