Highlights
- Savant Capital LLC reduced its stake in Sirius XM Holdings by 64.6% in Q4.
- Sirius XM reported higher-than-expected earnings per share, with projected financial growth.
- The company declared a quarterly dividend with a 3.98% yield, maintaining shareholder returns.
Sirius XM Holdings (NASDAQ:SIRI) continues to experience institutional investment adjustments, with major financial firms modifying their holdings. Recent earnings exceeded projections, reinforcing its market position. The company also declared a quarterly dividend, maintaining stable shareholder returns. With its strong presence in satellite and digital streaming services, Sirius XM remains an influential entity in the audio entertainment industry.
Institutional Investment and Market Position
Savant Capital LLC significantly reduced its holdings in Sirius XM Holdings by 64.6% in the fourth quarter, now holding 22,941 shares valued at approximately $523,000. Other institutional investors have adjusted their positions, with Union Bancaire Privee UBP SA acquiring a new stake worth $26,000, while Coston McIsaac & Partners increased its holdings by 113.5% in the third quarter. Additionally, Geneos Wealth Management Inc. expanded its position by 574.9%, reflecting broader institutional engagement.
Stock Performance and Financial Metrics
Sirius XM’s stock opened at $27.11 in recent trading sessions, with a market capitalization of $9.18 billion. The company maintains a price-to-earnings ratio of -4.23 and a PEG ratio of 0.82. Over the past year, shares have fluctuated between $20.47 and $49.40, with 50-day and 200-day moving averages at $23.33 and $25.99, respectively.
Recent earnings reports showed earnings per share of $0.83, exceeding projections of $0.63. Despite a negative net margin of 24.03%, the company demonstrated a return on equity of 13.44%.
Dividend Strategy and Shareholder Returns
Sirius XM announced a quarterly dividend to be distributed on February 25, with shareholders of record as of February 7 receiving $0.27 per share. This results in an annual dividend of $1.08 and a 3.98% yield, reinforcing the company's structured approach to shareholder distributions.
Company Operations and Market Reach
Sirius XM Holdings operates as a major audio entertainment provider across North America, with its Sirius XM and Pandora segments delivering music, sports, and infotainment services through satellite and streaming platforms. The company continues to engage in digital content expansion to maintain market relevance.