Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Yakira Capital Management Inc.

Yakira Capital Management Inc. trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 63.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 20,585 shares of the company’s stock after selling 36,250 shares during the period. Yakira Capital Management Inc.’s holdings in Sirius XM were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SIRI. State of Alaska Department of Revenue increased its holdings in shares of Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after purchasing an additional 41,000 shares during the period. Check Capital Management Inc. CA boosted its position in Sirius XM by 597.7% in the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after buying an additional 981,517 shares during the last quarter. Legato Capital Management LLC increased its holdings in Sirius XM by 21.9% in the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock worth $1,949,000 after buying an additional 15,342 shares during the period. Franklin Resources Inc. raised its position in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after buying an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC purchased a new position in Sirius XM during the 4th quarter worth approximately $228,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SIRI shares. Rosenblatt Securities cut their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley cut their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Finally, Guggenheim decreased their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Sirius XM presently has a consensus rating of “Hold” and a consensus price target of $26.81.

Sirius XM Price Performance

Sirius XM stock opened at $19.51 on Friday. The stock has a market capitalization of $6.61 billion, a P/E ratio of -3.04, a P/E/G ratio of 0.79 and a beta of 0.98. The company’s fifty day moving average price is $23.91 and its 200 day moving average price is $24.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a 1 year low of $19.01 and a 1 year high of $41.60.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 5.54%. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

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.