Sanctuary Advisors LLC Has $3.21 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sanctuary Advisors LLC trimmed its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 87.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,448 shares of the company's stock after selling 884,577 shares during the quarter. Sanctuary Advisors LLC's holdings in Sirius XM were worth $3,211,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in Sirius XM during the 2nd quarter worth $12,858,000. Dimensional Fund Advisors LP increased its holdings in Sirius XM by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company's stock valued at $12,260,000 after buying an additional 353,860 shares during the last quarter. AQR Capital Management LLC increased its holdings in Sirius XM by 14.5% in the second quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company's stock valued at $10,807,000 after buying an additional 490,761 shares during the last quarter. Sessa Capital IM L.P. acquired a new stake in Sirius XM during the third quarter valued at approximately $77,983,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in Sirius XM during the 3rd quarter worth approximately $67,598,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Stock Down 1.3 %

NASDAQ SIRI traded down $0.30 during trading on Tuesday, reaching $22.34. 11,125,800 shares of the company's stock were exchanged, compared to its average volume of 3,711,241. The firm has a market capitalization of $7.58 billion, a PE ratio of -3.53 and a beta of 1.03. Sirius XM Holdings Inc. has a fifty-two week low of $21.79 and a fifty-two week high of $56.80. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The company's fifty day simple moving average is $26.34 and its 200-day simple moving average is $28.54.

Sirius XM Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were given a $0.27 dividend. This is a positive change from Sirius XM's previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 4.83%. The ex-dividend date was Tuesday, November 5th. Sirius XM's dividend payout ratio is presently -17.03%.

Analysts Set New Price Targets

A number of equities analysts have commented on SIRI shares. Guggenheim reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Sirius XM in a report on Wednesday, December 11th. Morgan Stanley reaffirmed an "underweight" rating and issued a $23.00 price target on shares of Sirius XM in a report on Tuesday, September 24th. The Goldman Sachs Group dropped their price objective on shares of Sirius XM from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Barrington Research decreased their target price on Sirius XM from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Citigroup increased their price target on Sirius XM from $2.80 to $21.00 and gave the stock a "sell" rating in a research report on Thursday, September 26th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $28.27.

Insider Transactions at Sirius XM

In other news, major shareholder Berkshire Hathaway Inc acquired 1,259,259 shares of the company's stock in a transaction that occurred on Friday, October 11th. The shares were purchased at an average price of $24.95 per share, for a total transaction of $31,418,512.05. Following the completion of the acquisition, the insider now owns 108,719,088 shares of the company's stock, valued at approximately $2,712,541,245.60. This represents a 1.17 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought 2,646,761 shares of company stock valued at $65,952,329 in the last three months. Corporate insiders own 0.79% of the company's stock.

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.