47,600 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by Polianta Ltd

Polianta Ltd bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 47,600 shares of the company’s stock, valued at approximately $1,085,000.

Several other institutional investors have also added to or reduced their stakes in SIRI. Point72 Asset Management L.P. bought a new position in shares of Sirius XM during the 2nd quarter valued at approximately $12,858,000. Sessa Capital IM L.P. purchased a new position in Sirius XM during the third quarter valued at approximately $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Sirius XM in the third quarter worth approximately $67,598,000. Seizert Capital Partners LLC bought a new position in shares of Sirius XM in the third quarter worth approximately $46,173,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Sirius XM in the second quarter worth $5,192,000. 10.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SIRI has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a report on Thursday, September 26th. Rosenblatt Securities boosted their price objective on Sirius XM from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Pivotal Research cut their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $43.00 price target on shares of Sirius XM in a report on Tuesday, October 15th. Finally, Barrington Research cut their price objective on shares of Sirius XM from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, December 13th. Six 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’s stock. According to MarketBeat, Sirius XM has a consensus rating of “Hold” and a consensus target price of $27.58.

Sirius XM Stock Performance

SIRI stock opened at $22.27 on Friday. The company has a fifty day simple moving average of $24.38 and a two-hundred day simple moving average of $27.74. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $55.40. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Increases Dividend

The business also recently declared 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 was Tuesday, November 5th. This represents a $1.08 annualized dividend and a yield of 4.85%. This is a positive change from Sirius XM’s previous quarterly dividend of $0.27. Sirius XM’s dividend payout ratio (DPR) is currently -17.03%.

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.