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

Chou Associates Management Inc. lowered its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 46.8% in the fourth quarter, according to its most recent 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 period. Sirius XM makes up about 0.2% of Chou Associates Management Inc.’s portfolio, making the stock its 24th largest holding. Chou Associates Management Inc.’s holdings in Sirius XM were worth $287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after purchasing an additional 41,000 shares during the period. Check Capital Management Inc. CA increased its holdings in Sirius XM by 597.7% in the 4th 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 during the period. Legato Capital Management LLC raised its position in shares of Sirius XM by 21.9% in the 4th 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. Franklin Resources Inc. lifted its holdings in shares of Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after acquiring an additional 58,993 shares during the period. Finally, MBA Advisors LLC bought a new position in Sirius XM in the fourth quarter valued at approximately $228,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Trading Down 7.7 %

Shares of SIRI stock opened at $19.51 on Friday. The stock has a 50-day moving average of $23.91 and a 200-day moving average of $24.42. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of -3.04, a PEG ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a 1-year low of $19.01 and a 1-year high of $41.60.

Sirius XM (NASDAQ:SIRI) last released its 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 negative net margin of 24.03% and a positive return on equity of 13.44%. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Guggenheim decreased their target price 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. Wells Fargo & Company dropped their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Rosenblatt Securities decreased their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sirius XM has an average rating of “Hold” and an average target price of $26.81.

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.