Clear Harbor Asset Management LLC reduced its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 72.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,832 shares of the company's stock after selling 26,501 shares during the period. Clear Harbor Asset Management LLC's holdings in Sirius XM were worth $224,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SIRI. Royal Fund Management LLC bought a new stake in Sirius XM during the 4th quarter valued at $1,036,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Sirius XM by 383,152.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 137,971 shares of the company's stock valued at $3,146,000 after acquiring an additional 137,935 shares during the period. Polianta Ltd bought a new position in shares of Sirius XM during the fourth quarter valued at about $1,085,000. Krilogy Financial LLC purchased a new stake in shares of Sirius XM during the fourth quarter worth about $557,000. Finally, Integrated Investment Consultants LLC grew its stake in shares of Sirius XM by 10.9% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,007 shares of the company's stock worth $342,000 after purchasing an additional 1,469 shares during the last quarter. Institutional investors own 10.69% of the company's stock.
A number of research analysts have commented on SIRI shares. Citigroup upped their price target on Sirius XM from $2.80 to $21.00 and gave the company a "sell" rating in a research report on Thursday, September 26th. Seaport Res Ptn lowered Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. StockNews.com initiated coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They set a "sell" rating on the stock. Bank of America restated an "underperform" rating and issued a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Finally, Benchmark reaffirmed a "buy" rating and set a $43.00 target price on shares of Sirius XM in a research note on Tuesday, October 15th. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.58.
Check Out Our Latest Analysis on SIRI
SIRI stock opened at $22.10 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a 50 day moving average price of $24.17 and a 200-day moving average price of $27.47. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $55.40. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of -3.49, a PEG ratio of 1.11 and a beta of 1.05.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.89%. Sirius XM's payout ratio is -17.03%.
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.
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