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

Alpine Global Management LLC trimmed its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 38.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,581 shares of the company's stock after selling 38,419 shares during the period. Alpine Global Management LLC's holdings in Sirius XM were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock worth $5,340,000 after acquiring an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA raised its holdings in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock valued at $26,123,000 after buying an additional 981,517 shares in the last quarter. Legato Capital Management LLC raised its holdings in Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock valued at $1,949,000 after buying an additional 15,342 shares in the last quarter. MBA Advisors LLC bought a new position in Sirius XM during the fourth quarter valued at about $228,000. Finally, Berkshire Hathaway Inc raised its holdings in Sirius XM by 11.7% during the fourth quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after buying an additional 12,313,544 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Performance

SIRI stock traded down $0.20 during trading on Friday, reaching $21.84. 2,045,869 shares of the stock were exchanged, compared to its average volume of 5,150,053. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The company has a market capitalization of $7.38 billion, a P/E ratio of -3.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. The stock has a 50 day simple moving average of $21.53 and a 200-day simple moving average of $23.30. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $0.07 earnings per share. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's payout ratio is -16.56%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Rosenblatt Securities cut their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Barrington Research restated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, May 2nd. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Guggenheim lowered their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sirius XM presently has an average rating of "Hold" and an average price target of $26.65.

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.