Solidarity Wealth LLC Sells 6,198 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Solidarity Wealth LLC trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 11.4% in the fourth quarter, HoldingsChannel reports. The firm owned 48,401 shares of the company’s stock after selling 6,198 shares during the quarter. Solidarity Wealth LLC’s holdings in Sirius XM were worth $1,104,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Coston McIsaac & Partners grew its position in Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. TCTC Holdings LLC bought a new stake in shares of Sirius XM in the third quarter valued at $29,000. Princeton Global Asset Management LLC grew its stake in shares of Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after acquiring an additional 1,315 shares during the period. Frank Rimerman Advisors LLC bought a new position in shares of Sirius XM during the 2nd quarter worth $47,000. Finally, Trium Capital LLP purchased a new stake in Sirius XM in the 3rd quarter worth about $50,000. 10.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SIRI. Rosenblatt Securities boosted their price target on shares of Sirius XM from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Pivotal Research dropped their price target on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Benchmark restated a “buy” rating and set a $43.00 price target on shares of Sirius XM in a research note on Tuesday, October 15th. Barrington Research dropped their price target on shares of Sirius XM from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, December 13th. Finally, Morgan Stanley restated an “underweight” rating and set a $23.00 price target on shares of Sirius XM in a research note on Tuesday, September 24th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sirius XM presently has an average rating of “Hold” and an average price target of $27.58.

Sirius XM Trading Up 1.6 %

Shares of Sirius XM stock opened at $22.27 on Tuesday. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $55.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The company’s fifty day simple moving average is $24.38 and its two-hundred day simple moving average is $27.66.

Sirius XM 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.