FNY Investment Advisers LLC Has $363,000 Stake in Sirius XM Holdings Inc. $SIRI

FNY Investment Advisers LLC reduced its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 69.9% in the 3rd quarter, Holdings Channel reports. The fund 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.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of Sirius XM in the 3rd quarter valued at approximately $33,000. Geneos Wealth Management Inc. raised its holdings in Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after buying an additional 493 shares during the period. Mather Group LLC. acquired a new stake in Sirius XM during the 3rd quarter worth approximately $42,000. Steigerwald Gordon & Koch Inc. bought a new position in Sirius XM in the third quarter valued at approximately $44,000. Finally, Security National Bank acquired a new position in shares of Sirius XM in the third quarter valued at approximately $47,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Performance

SIRI opened at $22.40 on Friday. The business’s 50-day simple moving average is $21.31 and its 200 day simple moving average is $21.68. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $24.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $7.50 billion, a PE ratio of 10.00, a PEG ratio of 0.39 and a beta of 0.92.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.8%. Sirius XM’s dividend payout ratio is currently 48.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SIRI shares. Moffett Nathanson began coverage on shares of Sirius XM in a research report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price objective for the company. Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Rosenblatt Securities increased their target price on Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. 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 report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Sirius XM currently has a consensus rating of “Hold” and an average price target of $24.44.

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.