Clear Harbor Asset Management LLC Decreases Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Clear Harbor Asset Management LLC decreased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 72.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,832 shares of the company’s stock after selling 26,501 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Sirius XM were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in Sirius XM during the 2nd quarter valued at $12,858,000. Dimensional Fund Advisors LP lifted its holdings in shares of Sirius XM by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock valued at $12,260,000 after purchasing an additional 353,860 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Sirius XM by 14.5% during the second quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company’s stock valued at $10,807,000 after buying an additional 490,761 shares during the last quarter. Sessa Capital IM L.P. bought a new stake in Sirius XM in the 3rd quarter worth about $77,983,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in Sirius XM in the 3rd quarter worth about $67,598,000. Institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

SIRI has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Rosenblatt Securities raised their target price on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Citigroup lifted their target price on shares of Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a research report on Thursday, September 26th. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, StockNews.com initiated coverage on Sirius XM in a report on Wednesday, November 13th. They issued a “sell” rating for the company. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Sirius XM presently has a consensus rating of “Hold” and an average target price of $27.58.

Sirius XM Stock Performance

Shares of SIRI opened at $22.10 on Thursday. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $55.40. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a market cap 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 has a 50-day simple moving average of $24.17 and a two-hundred day simple moving average of $27.47.

Sirius XM Announces Dividend

The company also recently announced 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 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.