Penn Davis Mcfarland Inc. Has $15.16 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Penn Davis Mcfarland Inc. reduced its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 664,837 shares of the company's stock after selling 15,709 shares during the quarter. Sirius XM comprises about 1.6% of Penn Davis Mcfarland Inc.'s portfolio, making the stock its 22nd biggest position. Penn Davis Mcfarland Inc. owned 0.20% of Sirius XM worth $15,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of SIRI. Point72 Asset Management L.P. acquired a new stake in shares of Sirius XM during the 2nd quarter worth approximately $12,858,000. Sessa Capital IM L.P. bought a new stake in shares of Sirius XM during the 3rd quarter valued at $77,983,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Sirius XM in the 3rd quarter valued at $67,598,000. Seizert Capital Partners LLC bought a new position in shares of Sirius XM in the 3rd quarter worth $46,173,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Sirius XM during the second quarter worth $5,192,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Guggenheim reiterated a "buy" rating and issued a $30.00 price target on shares of Sirius XM in a research report on Wednesday, December 11th. Barrington Research decreased their price target on shares of Sirius XM from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, December 13th. Morgan Stanley reaffirmed an "underweight" rating and set a $23.00 price objective on shares of Sirius XM in a research note on Tuesday, September 24th. Bank of America reissued an "underperform" rating and issued a $23.00 target price on shares of Sirius XM in a research note on Thursday, October 24th. Finally, Pivotal Research dropped their price target on Sirius XM from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $27.58.

Sirius XM Stock Up 1.6 %

Sirius XM stock traded up $0.34 during mid-day trading on Monday, reaching $22.27. The company's stock had a trading volume of 4,147,929 shares, compared to its average volume of 5,704,650. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $55.40. The business's 50 day simple moving average is $24.38 and its 200 day simple moving average is $27.66. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of -3.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05.

Sirius XM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were given a dividend of $0.27 per share. This is a positive change from Sirius XM's previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.85%. 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.