Polianta Ltd Acquires Shares of 47,600 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Polianta Ltd bought a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 47,600 shares of the company's stock, valued at approximately $1,085,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Coston McIsaac & Partners increased its holdings in shares of Sirius XM by 113.5% in the third 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. TCTC Holdings LLC bought a new position in Sirius XM during the 3rd quarter worth approximately $29,000. Princeton Global Asset Management LLC increased its stake in Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock worth $32,000 after purchasing an additional 1,315 shares during the period. Frank Rimerman Advisors LLC bought a new stake in Sirius XM in the second quarter valued at approximately $47,000. Finally, Trium Capital LLP purchased a new stake in shares of Sirius XM during the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SIRI. StockNews.com started coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a "sell" rating on the stock. Pivotal Research lowered their price objective on shares of Sirius XM from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Rosenblatt Securities raised their target price on Sirius XM from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 11th. The Goldman Sachs Group reduced their price target on Sirius XM from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company dropped their price objective on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.58.

Sirius XM Stock Up 1.6 %

SIRI stock traded up $0.34 during midday trading on Monday, hitting $22.27. The stock had a trading volume of 4,147,929 shares, compared to its average volume of 5,704,650. The business has a 50-day moving average of $24.38 and a two-hundred day moving average of $27.66. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of -3.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $55.40.

Sirius XM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.85%. This is a positive change from Sirius XM's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, November 5th. Sirius XM's dividend payout ratio (DPR) is presently -17.03%.

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.