Alpine Global Management LLC Sells 38,419 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Alpine Global Management LLC cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 38.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,581 shares of the company’s stock after selling 38,419 shares during the quarter. Alpine Global Management LLC’s holdings in Sirius XM were worth $1,404,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM in the 4th quarter valued at $26,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM during the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. raised its holdings in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after purchasing an additional 1,144 shares during the period. Gables Capital Management Inc. bought a new position in shares of Sirius XM during the 4th quarter worth about $43,000. Finally, Avior Wealth Management LLC increased its position in Sirius XM by 670.4% in the 4th 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 in the last quarter. Institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

SIRI has been the topic of several recent research reports. Seaport Res Ptn raised shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. Rosenblatt Securities decreased their price target 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. Guggenheim lowered their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley dropped their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sirius XM has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Stock Down 0.8 %

Shares of NASDAQ SIRI opened at $20.16 on Tuesday. The company has a market cap of $6.83 billion, a P/E ratio of -3.15, a PEG ratio of 0.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. The firm has a 50-day simple moving average of $22.85 and a two-hundred day simple moving average of $24.09.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate 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%. Research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.36%. The ex-dividend date is Friday, May 9th. Sirius XM’s dividend payout ratio is currently -16.85%.

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.