Penn Davis McFarland Dumps 498,000 SiriusXM Shares

Company Overview - Sirius XM Holdings is a leading provider of subscription-based satellite radio and streaming audio services in the United States, serving over five thousand employees and a broad customer base [6] - The company generates revenue primarily through subscription fees, complemented by income from connected vehicle services, targeting individual consumers, automotive partners, and commercial clients [8] - As of January 15, 2026, Sirius XM Holdings reported a revenue of $8.55 billion and a net income of $993 million, with a dividend yield of 5.29% [4] Recent Developments - On January 16, 2026, Penn Davis McFarland disclosed the sale of 498,032 shares of Sirius XM Holdings, valued at an estimated $10.71 million based on quarterly average pricing [1][2] - The quarter-end value of the fund's Sirius XM Holdings position declined by $12.04 million, reflecting both the share sale and stock price changes over the period [2] - Following the sale, Sirius XM Holdings now accounts for 0.26% of Penn Davis McFarland's 13F AUM, down from 1.5% in the previous quarter [7] Stock Performance - As of January 15, 2026, Sirius XM Holdings shares were priced at $20.91, representing a decline of 59.87% over the past year, significantly underperforming the S&P 500 by 76.7 percentage points [7] - The stock offers a 5.3% dividend yield and has a P/E ratio of around 7.5, although these attributes may not justify continued investment given the stock's downward trend [9] - The company has been losing subscribers steadily, and its satellite radio monopoly is diminishing as users increasingly prefer streaming media from smartphones [10]