Yakira Capital Management Inc. Sells 36,250 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Yakira Capital Management Inc. reduced its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 63.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Sirius XM by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company’s stock valued at $89,284,000 after purchasing an additional 154,765 shares during the last quarter. Seizert Capital Partners LLC boosted its stake in Sirius XM by 16.3% during the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock worth $51,747,000 after buying an additional 317,289 shares during the period. Brandywine Global Investment Management LLC increased its position in Sirius XM by 7.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company’s stock valued at $50,571,000 after acquiring an additional 150,744 shares during the last quarter. Weitz Investment Management Inc. raised its stake in shares of Sirius XM by 16.1% in the fourth quarter. Weitz Investment Management Inc. now owns 1,465,500 shares of the company’s stock valued at $33,413,000 after acquiring an additional 203,501 shares during the period. Finally, Alberta Investment Management Corp lifted its holdings in shares of Sirius XM by 2.9% in the 4th quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock worth $29,014,000 after acquiring an additional 36,300 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Price Performance

Shares of SIRI opened at $19.51 on Friday. The stock has a market capitalization of $6.61 billion, a PE ratio of -3.04, a PEG ratio of 0.79 and a beta of 0.98. The company has a 50 day moving average price of $23.91 and a 200-day moving average price of $24.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $41.60.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Equities analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 5.54%. Sirius XM’s dividend payout ratio is presently -16.85%.

Analysts Set New Price Targets

SIRI has been the topic of several analyst reports. Barrington Research set a $28.00 price target on shares of Sirius XM in a report on Friday, January 31st. Morgan Stanley reduced their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Rosenblatt Securities decreased their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Guggenheim lowered their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.81.

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.