Penn Davis Mcfarland Inc. Sells 498,032 Shares of Sirius XM Holdings Inc. $SIRI

Penn Davis Mcfarland Inc. trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 78.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 136,262 shares of the company’s stock after selling 498,032 shares during the period. Penn Davis Mcfarland Inc.’s holdings in Sirius XM were worth $2,725,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new position in shares of Sirius XM in the 3rd quarter worth about $33,000. Geneos Wealth Management Inc. grew its position in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after buying an additional 493 shares during the period. Mather Group LLC. purchased a new stake in Sirius XM during the third quarter worth about $42,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Sirius XM during the third quarter worth about $44,000. Finally, Security National Bank bought a new stake in Sirius XM in the third quarter worth about $47,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 1.4%

Shares of NASDAQ SIRI opened at $23.41 on Thursday. The business has a 50-day simple moving average of $21.67 and a two-hundred day simple moving average of $21.60. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $24.92. The company has a market cap of $7.84 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.40 and a beta of 0.92. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.75.

Sirius XM Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Sirius XM 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.