Everence Capital Management Inc. Buys New Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Everence Capital Management Inc. bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,550 shares of the company’s stock, valued at approximately $241,000.

Other large investors have also recently bought and sold shares of the company. Coston McIsaac & Partners lifted its position in shares of Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. TCTC Holdings LLC bought a new stake in Sirius XM during the 3rd quarter worth about $29,000. Princeton Global Asset Management LLC boosted its stake in shares of Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after buying an additional 1,315 shares during the last quarter. Riverview Capital Advisers LLC bought a new position in shares of Sirius XM in the 2nd quarter valued at about $35,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Sirius XM in the second quarter valued at about $35,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SIRI shares. Guggenheim restated a “buy” rating and issued a $30.00 price target on shares of Sirius XM in a research note on Wednesday, December 11th. Benchmark reissued a “buy” rating and issued a $43.00 target price on shares of Sirius XM in a research note on Tuesday, October 15th. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Rosenblatt Securities lifted their price objective on shares of Sirius XM from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.58.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $21.55 on Thursday. The stock has a 50 day simple moving average of $25.07 and a 200 day simple moving average of $28.03. The stock has a market cap of $7.31 billion, a P/E ratio of -3.40 and a beta of 1.05. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year 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 firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Tuesday, November 5th. This is a boost from Sirius XM’s previous quarterly dividend of $0.27. Sirius XM’s payout ratio is presently -17.03%.

Insider Activity at Sirius XM

In related news, major shareholder Berkshire Hathaway Inc purchased 175,569 shares of Sirius XM stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average price of $27.43 per share, with a total value of $4,815,857.67. Following the completion of the transaction, the insider now directly owns 110,276,790 shares of the company’s stock, valued at $3,024,892,349.70. This represents a 0.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have acquired 1,776,961 shares of company stock worth $45,468,539. 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.