Chou Associates Management Inc. Has $287,000 Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Chou Associates Management Inc. trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 46.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,590 shares of the company’s stock after selling 11,096 shares during the quarter. Sirius XM makes up 0.2% of Chou Associates Management Inc.’s portfolio, making the stock its 24th biggest position. Chou Associates Management Inc.’s holdings in Sirius XM were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SIRI. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM during the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new stake in shares of Sirius XM during the 4th quarter valued at $30,000. Geneos Wealth Management Inc. lifted its stake in shares of Sirius XM by 574.9% in the 4th 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 Sirius XM during the 4th quarter worth approximately $43,000. Finally, Avior Wealth Management LLC raised its holdings in Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after purchasing an additional 1,810 shares during the period. 10.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SIRI has been the subject of several research analyst reports. Rosenblatt Securities decreased their price objective 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. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley cut their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Sirius XM presently has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Price Performance

NASDAQ:SIRI opened at $19.51 on Friday. Sirius XM Holdings Inc. has a 12-month low of $19.01 and a 12-month high of $41.60. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of -3.04, a P/E/G ratio of 0.79 and a beta of 0.98. The stock’s 50 day moving average price is $23.91 and its two-hundred day moving average price is $24.42. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results 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%. On average, 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 declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 5.54%. Sirius XM’s dividend payout ratio (DPR) is currently -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.