FNY Investment Advisers LLC Sells 36,290 Shares of Sirius XM Holdings Inc. $SIRI

FNY Investment Advisers LLC lessened its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 69.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,600 shares of the company’s stock after selling 36,290 shares during the quarter. FNY Investment Advisers LLC’s holdings in Sirius XM were worth $363,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Berkshire Hathaway Inc raised its holdings in Sirius XM by 4.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after purchasing an additional 5,030,425 shares during the last quarter. AQR Capital Management LLC lifted its position in Sirius XM by 165.2% during the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after purchasing an additional 3,233,922 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Sirius XM by 4.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,635,274 shares of the company’s stock valued at $61,336,000 after purchasing an additional 119,755 shares during the last quarter. Check Capital Management Inc. CA boosted its stake in shares of Sirius XM by 76.7% in the 3rd quarter. Check Capital Management Inc. CA now owns 2,061,843 shares of the company’s stock valued at $47,989,000 after purchasing an additional 895,247 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Sirius XM by 270.0% during the 3rd quarter. Two Sigma Investments LP now owns 1,933,521 shares of the company’s stock worth $45,003,000 after buying an additional 1,410,963 shares during the period. Institutional investors own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities boosted their price target on shares of Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Moffett Nathanson started coverage on shares of Sirius XM in a research report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 target price for the company. Barrington Research reissued an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a research note on Thursday, February 5th. Finally, UBS Group set a $24.00 price target on Sirius XM in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sirius XM presently has a consensus rating of “Hold” and a consensus target price of $24.44.

Sirius XM Stock Down 0.4%

Sirius XM stock opened at $22.40 on Friday. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.39 and a beta of 0.92. The company’s 50 day simple moving average is $21.31 and its 200 day simple moving average is $21.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.30 and a quick ratio of 0.30. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $24.92.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.08 annualized dividend and a dividend yield of 4.8%. Sirius XM’s payout ratio is 48.21%.

Sirius XM Company 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.