Kirr Marbach & Co. LLC IN Sells 4,147 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Kirr Marbach & Co. LLC IN lowered its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 139,890 shares of the company’s stock after selling 4,147 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in Sirius XM were worth $3,189,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SIRI. Coston McIsaac & Partners lifted its holdings in Sirius XM by 113.5% during the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after buying an additional 624 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM in the fourth quarter worth approximately $26,000. TCTC Holdings LLC bought a new stake in Sirius XM in the third quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its holdings in Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of SIRI opened at $22.06 on Wednesday. The stock has a 50 day moving average of $23.85 and a 200 day moving average of $27.11. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $53.50. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is currently -17.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $43.00 price objective on shares of Sirius XM in a research report on Tuesday, October 15th. Pivotal Research lowered their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 1st. 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. Morgan Stanley lowered their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Six 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.42.

About Sirius XM

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.