UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 220,911 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 31.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 471,578 shares of the company’s stock after selling 220,911 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Sirius XM were worth $11,153,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SIRI. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Sirius XM during the third quarter worth about $921,000. FORA Capital LLC bought a new position in Sirius XM during the third quarter worth about $2,724,000. Blueshift Asset Management LLC bought a new position in Sirius XM during the third quarter worth about $251,000. FMR LLC boosted its position in Sirius XM by 472.6% during the third quarter. FMR LLC now owns 497,514 shares of the company’s stock worth $11,766,000 after purchasing an additional 410,621 shares during the period. Finally, Horizon Kinetics Asset Management LLC bought a new position in Sirius XM during the third quarter worth about $1,571,000. Institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SIRI shares. Guggenheim lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America restated an “underperform” rating and issued a $23.00 price objective on shares of Sirius XM in a research report on Thursday, October 24th. 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. Benchmark restated a “buy” rating and issued a $43.00 price objective on shares of Sirius XM in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $28.96.

Insiders Place Their Bets

In other Sirius XM news, major shareholder Berkshire Hathaway Inc purchased 175,569 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were purchased at an average cost of $27.43 per share, with a total value of $4,815,857.67. Following the completion of the purchase, the insider now owns 110,276,790 shares of the company’s stock, valued at $3,024,892,349.70. The trade was a 0.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have acquired 2,646,761 shares of company stock valued at $65,952,329. 0.79% of the stock is currently owned by corporate insiders.

Sirius XM Trading Up 1.5 %

Shares of SIRI opened at $28.74 on Tuesday. The firm’s 50 day simple moving average is $26.20 and its 200 day simple moving average is $28.64. The company has a market capitalization of $9.75 billion, a P/E ratio of -4.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Sirius XM Holdings Inc. has a 1-year low of $22.18 and a 1-year high of $57.80.

Sirius XM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, November 5th. This is an increase from Sirius XM’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a dividend yield of 3.76%. Sirius XM’s dividend payout ratio (DPR) is -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.