Horizon Kinetics Asset Management LLC Has $1.42 Million Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Horizon Kinetics Asset Management LLC cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,129 shares of the company’s stock after selling 4,277 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Sirius XM were worth $1,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SIRI. State of New Jersey Common Pension Fund D acquired a new stake in shares of Sirius XM during the third quarter worth $1,707,000. Natixis Advisors LLC acquired a new stake in shares of Sirius XM during the third quarter worth $1,029,000. Thrivent Financial for Lutherans acquired a new stake in shares of Sirius XM during the third quarter worth $1,637,000. Swiss National Bank acquired a new stake in shares of Sirius XM during the third quarter worth $10,219,000. Finally, Quest Partners LLC acquired a new position in Sirius XM during the third quarter valued at $391,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Guggenheim reduced their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Morgan Stanley reduced their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Rosenblatt Securities reduced their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.81.

Sirius XM Stock Up 1.7 %

Shares of SIRI stock opened at $23.05 on Tuesday. The stock’s 50 day simple moving average is $23.66 and its 200 day simple moving average is $24.90. 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 twelve month low of $20.47 and a twelve month high of $41.60. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of -3.60, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s payout ratio is -16.85%.

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.