Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 19.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,348 shares of the company’s stock after selling 1,263 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Sirius XM were worth $126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Coston McIsaac & Partners raised its stake 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 valued at $27,000 after acquiring an additional 624 shares in the last quarter. TCTC Holdings LLC acquired a new stake in Sirius XM in the 3rd quarter valued at about $29,000. Princeton Global Asset Management LLC boosted its stake in shares of Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after buying an additional 1,315 shares during the period. Trium Capital LLP acquired a new position in shares of Sirius XM during the third quarter worth about $50,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Sirius XM during the third quarter worth approximately $51,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Insider Buying and Selling at Sirius XM

In related news, major shareholder Berkshire Hathaway Inc purchased 1,259,259 shares of the stock in a transaction that occurred 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 completion of the acquisition, the insider now directly owns 108,719,088 shares in the company, valued at $2,712,541,245.60. This represents a 1.17 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have acquired 2,646,761 shares of company stock worth $65,952,329. 0.79% of the stock is owned by company insiders.

Sirius XM Stock Performance

Shares of SIRI opened at $24.11 on Monday. The company’s 50 day simple moving average is $26.35 and its 200-day simple moving average is $28.57. The firm has a market cap of $8.18 billion, a PE ratio of -3.80 and a beta of 1.03. Sirius XM Holdings Inc. has a 12-month low of $22.18 and a 12-month high of $57.80. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were given a dividend of $0.27 per share. This is an increase from Sirius XM’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Tuesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is presently -17.03%.

Analyst Ratings Changes

SIRI has been the subject of a number of recent research reports. Morgan Stanley reiterated an “underweight” rating and issued a $23.00 price target on shares of Sirius XM in a research note on Tuesday, September 24th. The Goldman Sachs Group lowered their target price on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Citigroup raised their price target on Sirius XM from $2.80 to $21.00 and gave the company a “sell” rating in a research note on Thursday, September 26th. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Bank of America reissued an “underperform” rating and set a $23.00 target price on shares of Sirius XM in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.27.

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.