FNY Investment Advisers LLC Buys 1,979 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

FNY Investment Advisers LLC boosted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,017 shares of the company’s stock after buying an additional 1,979 shares during the quarter. Sirius XM makes up about 1.6% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 11th largest position. FNY Investment Advisers LLC’s holdings in Sirius XM were worth $3,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Miracle Mile Advisors LLC acquired a new stake in shares of Sirius XM in the 4th quarter valued at $268,000. First Hawaiian Bank acquired a new position in Sirius XM in the fourth quarter valued at about $454,000. Central Pacific Bank Trust Division acquired a new position in Sirius XM in the fourth quarter valued at about $104,000. Everence Capital Management Inc. bought a new stake in Sirius XM during the fourth quarter worth about $241,000. Finally, Franklin Resources Inc. increased its holdings in shares of Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after buying an additional 58,993 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barrington Research decreased their price target on Sirius XM from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, December 13th. The Goldman Sachs Group decreased their target price on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Pivotal Research decreased their price objective on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Citigroup boosted their target price on shares of Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a research note on Thursday, September 26th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.58.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc bought 342,133 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were bought at an average cost of $26.99 per share, for a total transaction of $9,234,169.67. Following the completion of the acquisition, the insider now owns 109,061,221 shares in the company, valued at approximately $2,943,562,354.79. This trade represents a 0.31 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.79% of the company’s stock.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $20.90 on Tuesday. The firm has a fifty day moving average of $24.73 and a two-hundred day moving average of $27.92. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of -3.30 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 business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a $0.27 dividend. This is a positive change from Sirius XM’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, November 5th. This represents a $1.08 annualized dividend and a yield of 5.17%. Sirius XM’s dividend payout ratio is presently -17.03%.

Sirius XM Company 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.