Solidarity Wealth LLC Sells 6,198 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Solidarity Wealth LLC trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,401 shares of the company’s stock after selling 6,198 shares during the quarter. Solidarity Wealth LLC’s holdings in Sirius XM were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SIRI. Coston McIsaac & Partners increased its stake in Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after acquiring an additional 624 shares during the last quarter. TCTC Holdings LLC bought a new position in Sirius XM in the third quarter valued at approximately $29,000. Princeton Global Asset Management LLC increased its stake in Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after acquiring an additional 1,315 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in Sirius XM in the second quarter valued at approximately $47,000. Finally, Trium Capital LLP bought a new position in Sirius XM in the third quarter valued at approximately $50,000. 10.69% of the stock is owned by institutional investors.

Sirius XM Price Performance

NASDAQ:SIRI opened at $22.27 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a 50-day moving average of $24.38 and a 200-day moving average of $27.66. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $55.40.

Analysts Set New Price Targets

A number of analysts have weighed in on SIRI shares. Rosenblatt Securities boosted their target price on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Citigroup boosted their target price on shares of Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a research note on Thursday, September 26th. Pivotal Research decreased their target price on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Sirius XM in a report on Wednesday, December 11th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $23.00 price target on shares of Sirius XM in a report on Tuesday, September 24th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Sirius XM presently has a consensus rating of “Hold” and a consensus target price of $27.58.

About Sirius XM

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.