Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. lowered its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,837 shares of the company’s stock after selling 15,709 shares during the quarter. Sirius XM accounts for approximately 1.6% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 22nd biggest holding. Penn Davis Mcfarland Inc. owned about 0.20% of Sirius XM worth $15,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Polianta Ltd acquired a new position in shares of Sirius XM in the fourth quarter worth about $1,085,000. Krilogy Financial LLC acquired a new position in shares of Sirius XM in the 4th quarter valued at approximately $557,000. Integrated Investment Consultants LLC raised its position in shares of Sirius XM by 10.9% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,007 shares of the company’s stock valued at $342,000 after purchasing an additional 1,469 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of Sirius XM during the 4th quarter valued at approximately $229,000. Finally, FNY Investment Advisers LLC grew its position in shares of Sirius XM by 1.5% during the fourth quarter. FNY Investment Advisers LLC now owns 135,017 shares of the company’s stock worth $3,078,000 after buying an additional 1,979 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on SIRI. The Goldman Sachs Group reduced their price objective on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Citigroup increased their price target on shares of Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a research report on Thursday, September 26th. Rosenblatt Securities boosted their price objective on Sirius XM from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Morgan Stanley reaffirmed an “underweight” rating and set a $23.00 target price on shares of Sirius XM in a report on Tuesday, September 24th. Finally, Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus target price of $27.58.

Sirius XM Price Performance

NASDAQ SIRI opened at $22.27 on Monday. The company has a 50-day moving average price of $24.38 and a two-hundred day moving average price of $27.72. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $55.40. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of -3.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a $0.27 dividend. This is a boost from Sirius XM’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Tuesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is currently -17.03%.

Sirius XM Company Profile

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.