Quadrature Capital Ltd acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 67,377 shares of the company's stock, valued at approximately $1,593,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in SIRI. Coston McIsaac & Partners lifted its holdings in 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 buying an additional 624 shares during the period. TCTC Holdings LLC acquired a new position in shares of Sirius XM in the 3rd quarter valued at $29,000. Bfsg LLC boosted its position in shares of Sirius XM by 35.3% in the 3rd quarter. Bfsg LLC now owns 4,735 shares of the company's stock worth $112,000 after purchasing an additional 1,235 shares during the last quarter. Princeton Global Asset Management LLC grew its stake in shares of Sirius XM by 2,683.7% during the third 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. Finally, Larson Financial Group LLC increased its holdings in Sirius XM by 139.8% in the third quarter. Larson Financial Group LLC now owns 3,187 shares of the company's stock valued at $75,000 after purchasing an additional 1,858 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.
In related news, major shareholder Berkshire Hathaway Inc purchased 1,259,259 shares of the stock in a transaction on Friday, October 11th. The shares were purchased at an average price of $24.95 per share, with a total value of $31,418,512.05. Following the transaction, the insider now directly owns 108,719,088 shares of the company's stock, valued at $2,712,541,245.60. This trade represents a 1.17 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have acquired 2,646,761 shares of company stock worth $65,952,329. Insiders own 0.79% of the company's stock.
NASDAQ:SIRI opened at $28.31 on Monday. The company has a market cap of $9.60 billion, a P/E ratio of -4.47 and a beta of 1.03. Sirius XM Holdings Inc. has a twelve month low of $22.18 and a twelve month high of $57.80. The business has a 50 day moving average price of $26.10 and a two-hundred day moving average price of $28.63. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 3.81%. This is an increase from Sirius XM's previous quarterly dividend of $0.27. Sirius XM's dividend payout ratio (DPR) is -17.03%.
A number of equities analysts have issued reports on SIRI shares. Guggenheim cut Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. Benchmark restated a "buy" rating and set a $43.00 price objective on shares of Sirius XM in a report on Tuesday, October 15th. The Goldman Sachs Group reduced their price target on shares of Sirius XM from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Barrington Research restated an "outperform" rating and issued a $40.00 price objective on shares of Sirius XM in a research report on Monday, November 4th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $28.00 target price on shares of Sirius XM in a report on Monday, November 4th. Six investment 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 has an average rating of "Hold" and a consensus price target of $28.96.
Check Out Our Latest Analysis on Sirius XM
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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