Merit Financial Group LLC Takes $229,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Merit Financial Group LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,039 shares of the company’s stock, valued at approximately $229,000.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Sirius XM by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock worth $12,260,000 after buying an additional 353,860 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Sirius XM by 5.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 142,767 shares of the company’s stock worth $404,000 after acquiring an additional 6,785 shares in the last quarter. Amalgamated Bank increased its position in shares of Sirius XM by 30.8% in the 2nd quarter. Amalgamated Bank now owns 109,112 shares of the company’s stock valued at $309,000 after purchasing an additional 25,714 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of Sirius XM by 61.9% in the 2nd quarter. AE Wealth Management LLC now owns 28,923 shares of the company’s stock valued at $82,000 after purchasing an additional 11,053 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Sirius XM during the 2nd quarter worth $3,616,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of SIRI opened at $21.96 on Monday. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of -3.46, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $55.05. The firm has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $27.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.92%. Sirius XM’s dividend payout ratio (DPR) is currently -17.03%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SIRI shares. JPMorgan Chase & Co. increased their target price on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. StockNews.com began coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Morgan Stanley cut their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday. Finally, Barrington Research lowered their target price 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.42.

About Sirius XM

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.