Sirius XM Holdings Inc. (NASDAQ:SIRI) Position Reduced by Yakira Capital Management Inc.

Yakira Capital Management Inc. trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 63.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,585 shares of the company's stock after selling 36,250 shares during the quarter. Yakira Capital Management Inc.'s holdings in Sirius XM were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM during the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. acquired a new position in Sirius XM during the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. grew its stake in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after buying an additional 1,144 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in Sirius XM in the fourth quarter worth $43,000. Finally, Avior Wealth Management LLC lifted its stake in Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock valued at $47,000 after buying an additional 1,810 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Price Performance

NASDAQ:SIRI traded down $0.24 during mid-day trading on Friday, reaching $19.84. 2,734,486 shares of the stock were exchanged, compared to its average volume of 4,909,714. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $6.72 billion, a PE ratio of -3.07, a PEG ratio of 0.79 and a beta of 0.98. The business has a fifty day moving average price of $23.60 and a 200 day moving average price of $24.25.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. Research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio is presently -16.85%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SIRI shares. Rosenblatt Securities lowered their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Barrington Research set a $28.00 price target on shares of Sirius XM in a research note on Friday, January 31st. Wells Fargo & Company cut their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Finally, Guggenheim cut their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Sirius XM currently has an average rating of "Hold" and a consensus price target of $26.81.

Sirius XM Company 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.