Janus Henderson Group PLC acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,056 shares of the company's stock, valued at approximately $2,367,000.
Other institutional investors also recently modified their holdings of the company. Coston McIsaac & Partners lifted 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 valued at $27,000 after purchasing an additional 624 shares in the last quarter. TCTC Holdings LLC bought a new position in shares of Sirius XM during the 3rd quarter worth approximately $29,000. Princeton Global Asset Management LLC grew its holdings in shares of Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Sirius XM during the second quarter valued at approximately $35,000. Finally, Riverview Capital Advisers LLC bought a new stake in Sirius XM during the second quarter worth $35,000. 10.69% of the stock is owned by institutional investors and hedge funds.
Sirius XM Price Performance
NASDAQ SIRI traded down $0.70 during trading on Friday, reaching $24.11. The company's stock had a trading volume of 5,552,225 shares, compared to its average volume of 3,661,209. Sirius XM Holdings Inc. has a one year low of $22.18 and a one year high of $57.80. 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 stock has a market capitalization of $8.18 billion, a PE ratio of -3.84 and a beta of 1.03. The firm has a fifty day moving average of $26.32 and a 200 day moving average of $28.58.
Sirius XM Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.48%. This is a boost from Sirius XM's previous quarterly dividend of $0.27. Sirius XM's dividend payout ratio (DPR) is -17.03%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Seaport Res Ptn lowered Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Bank of America restated an "underperform" rating and set a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Morgan Stanley reiterated an "underweight" rating and issued a $23.00 target price on shares of Sirius XM in a research note on Tuesday, September 24th. Barrington Research decreased their price target on shares of Sirius XM from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday. Finally, The Goldman Sachs Group dropped their price objective on Sirius XM from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Sirius XM presently has an average rating of "Hold" and a consensus price target of $28.27.
Check Out Our Latest Stock Report on Sirius XM
Insider Transactions at Sirius XM
In other Sirius XM news, major shareholder Berkshire Hathaway Inc acquired 1,259,259 shares of the business's stock in a transaction dated Friday, October 11th. The stock was bought at an average price of $24.95 per share, with a total value of $31,418,512.05. Following the purchase, the insider now owns 108,719,088 shares of the company's stock, valued at approximately $2,712,541,245.60. This trade represents a 1.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders purchased 2,646,761 shares of company stock valued at $65,952,329. Insiders own 0.79% of the company's stock.
Sirius XM Profile
(
Free Report)
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.
See Also
Before you consider Sirius XM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sirius XM wasn't on the list.
While Sirius XM currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
