Penn Davis Mcfarland Inc. Has $2.52 Million Stock Position in Sirius XM Holdings Inc. $SIRI

Penn Davis Mcfarland Inc. lowered its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 19.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,303 shares of the company’s stock after selling 26,959 shares during the quarter. Penn Davis Mcfarland Inc.’s holdings in Sirius XM were worth $2,523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SIRI. Berkshire Hathaway Inc increased its holdings in Sirius XM by 4.2% in the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after buying an additional 5,030,425 shares during the last quarter. AQR Capital Management LLC lifted its stake in Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after acquiring an additional 3,233,922 shares during the last quarter. State Street Corp grew its position in Sirius XM by 0.7% in the fourth quarter. State Street Corp now owns 3,487,415 shares of the company’s stock worth $69,731,000 after acquiring an additional 25,906 shares in the last quarter. Check Capital Management Inc. CA increased its stake in shares of Sirius XM by 39.9% during the 4th quarter. Check Capital Management Inc. CA now owns 2,883,500 shares of the company’s stock worth $57,656,000 after purchasing an additional 821,657 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Sirius XM during the 4th quarter worth $57,124,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sirius XM

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the sale, the insider owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SIRI shares. Weiss Ratings raised shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Rosenblatt Securities cut their target price on Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Evercore set a $28.00 price target on Sirius XM in a research report on Friday, May 1st. Guggenheim reiterated a “buy” rating on shares of Sirius XM in a research note on Wednesday, June 17th. Finally, JPMorgan Chase & Co. increased their price objective on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Sirius XM has a consensus rating of “Hold” and a consensus price target of $27.45.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $27.76 on Friday. The firm has a market capitalization of $9.34 billion, a PE ratio of 11.71, a PEG ratio of 0.60 and a beta of 0.96. Sirius XM Holdings Inc. has a 1 year low of $19.76 and a 1 year high of $30.11. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. The firm’s fifty day simple moving average is $27.39 and its 200 day simple moving average is $23.65.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.1 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 11th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, May 11th. Sirius XM’s payout ratio is currently 45.57%.

Sirius XM Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.