Penn Davis Mcfarland Inc. Trims Stake in Sirius XM Holdings Inc. $SIRI

Penn Davis Mcfarland Inc. lowered its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 78.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,262 shares of the company’s stock after selling 498,032 shares during the quarter. Penn Davis Mcfarland Inc.’s holdings in Sirius XM were worth $2,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Berkshire Hathaway Inc boosted its stake in Sirius XM by 4.2% during the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after buying an additional 5,030,425 shares during the period. AQR Capital Management LLC increased its stake in Sirius XM by 165.2% in the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after acquiring an additional 3,233,922 shares during the last quarter. Norges Bank bought a new position in Sirius XM in the 2nd quarter worth about $43,152,000. Two Sigma Investments LP raised its holdings in shares of Sirius XM by 270.0% in the 3rd quarter. Two Sigma Investments LP now owns 1,933,521 shares of the company’s stock valued at $45,003,000 after acquiring an additional 1,410,963 shares in the last quarter. Finally, Check Capital Management Inc. CA raised its holdings in shares of Sirius XM by 76.7% in the 3rd quarter. Check Capital Management Inc. CA now owns 2,061,843 shares of the company’s stock valued at $47,989,000 after acquiring an additional 895,247 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Performance

Sirius XM stock opened at $23.41 on Thursday. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $24.92. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.40 and a beta of 0.92. The stock’s 50 day simple moving average is $21.67 and its two-hundred day simple moving average is $21.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.30 and a current ratio of 0.30.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 11th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, February 11th. Sirius XM’s dividend payout ratio is presently 48.21%.

Analysts Set New Price Targets

SIRI has been the subject of a number of research analyst reports. Rosenblatt Securities lifted their price objective on shares of Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Barrington Research restated an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a report on Thursday, February 5th. Moffett Nathanson assumed coverage on shares of Sirius XM in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. upgraded Sirius XM from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $24.00 in a research report on Tuesday, February 10th. Finally, Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Sirius XM has an average rating of “Hold” and an average target price of $24.44.

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.