National Bank of Canada FI lessened its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 97.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,873 shares of the company's stock after selling 193,592 shares during the period. National Bank of Canada FI's holdings in Sirius XM were worth $115,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC purchased a new stake in shares of Sirius XM in the third quarter valued at about $2,367,000. Savant Capital LLC acquired a new position in shares of Sirius XM in the second quarter valued at approximately $613,000. FMR LLC raised its position in shares of Sirius XM by 472.6% in the third quarter. FMR LLC now owns 497,514 shares of the company's stock valued at $11,766,000 after buying an additional 410,621 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Sirius XM in the third quarter valued at approximately $921,000. Finally, Cetera Advisors LLC raised its position in shares of Sirius XM by 102.8% in the first quarter. Cetera Advisors LLC now owns 36,295 shares of the company's stock valued at $141,000 after buying an additional 18,401 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.
Sirius XM Trading Down 1.3 %
Shares of Sirius XM stock traded down $0.30 during trading hours on Tuesday, hitting $22.34. The company's stock had a trading volume of 11,150,715 shares, compared to its average volume of 3,711,337. The business has a fifty day moving average of $26.32 and a 200 day moving average of $28.49. The company has a market capitalization of $7.58 billion, a PE ratio of -3.52 and a beta of 1.03. Sirius XM Holdings Inc. has a 1-year low of $21.79 and a 1-year high of $56.80. 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 Increases Dividend
The firm also recently announced 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.83%. This is a positive change from Sirius XM's previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, November 5th. Sirius XM's payout ratio is presently -17.03%.
Analyst Ratings Changes
A number of research firms have recently weighed in on SIRI. The Goldman Sachs Group cut their price objective on shares of Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Pivotal Research cut 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 report on Friday, November 1st. Guggenheim reissued a "buy" rating and issued a $30.00 price objective on shares of Sirius XM in a research report on Wednesday, December 11th. Barrington Research dropped 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 report on Friday. Finally, Rosenblatt Securities upped their price target on shares of Sirius XM from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sirius XM currently has an average rating of "Hold" and an average target price of $28.27.
View Our Latest Analysis on SIRI
Insider Activity at Sirius XM
In related news, major shareholder Berkshire Hathaway Inc purchased 869,800 shares of the company's stock in a transaction that occurred on Wednesday, October 9th. The stock was acquired at an average price of $23.55 per share, for a total transaction of $20,483,790.00. Following the completion of the purchase, the insider now owns 106,024,829 shares in the company, valued at approximately $2,496,884,722.95. This represents a 0.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 2,646,761 shares of company stock valued at $65,952,329. Insiders own 0.79% of the company's stock.
Sirius XM Profile
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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.
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