First Hawaiian Bank Takes $454,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

First Hawaiian Bank acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the fourth quarter, Holdings Channel.com reports. The fund acquired 19,922 shares of the company’s stock, valued at approximately $454,000.

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

Insiders Place Their Bets

In other Sirius XM news, major shareholder Berkshire Hathaway Inc purchased 342,133 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was bought at an average price of $26.99 per share, with a total value of $9,234,169.67. Following the completion of the purchase, the insider now directly owns 109,061,221 shares of the company’s stock, valued at $2,943,562,354.79. The trade was a 0.31 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.79% of the company’s stock.

Sirius XM Price Performance

SIRI stock opened at $20.83 on Friday. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of -3.29 and a beta of 1.05. The firm’s 50-day moving average price is $24.83 and its two-hundred day moving average price is $27.96. 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 Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $55.40.

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 given a dividend of $0.27 per share. This is a positive change from Sirius XM’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 5.18%. Sirius XM’s dividend payout ratio is presently -17.03%.

Analysts Set New Price Targets

SIRI has been the topic of several research reports. Rosenblatt Securities raised 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. JPMorgan Chase & Co. lifted their price target on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. StockNews.com assumed coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock. Barrington Research dropped their target price on Sirius XM from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, December 13th. Finally, Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Sirius XM in a research report on Wednesday, December 11th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Sirius XM has an average rating of “Hold” and a consensus price target of $27.58.

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.