Merit Financial Group LLC Makes New $229,000 Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Merit Financial Group LLC 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 & Exchange Commission. The firm bought 10,039 shares of the company’s stock, valued at approximately $229,000.

Several other large investors have also recently made changes to their positions in the company. Coston McIsaac & Partners boosted its stake in Sirius XM by 113.5% during the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. TCTC Holdings LLC purchased a new position in shares of Sirius XM in the third quarter worth about $29,000. Princeton Global Asset Management LLC boosted its position in Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after acquiring an additional 1,315 shares during the last quarter. Trium Capital LLP purchased a new stake in Sirius XM during the 3rd quarter valued at about $50,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Sirius XM in the 3rd quarter valued at about $51,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Trading Down 0.8 %

Shares of NASDAQ SIRI opened at $21.96 on Monday. The stock has a fifty day simple moving average of $23.91 and a 200-day simple moving average of $27.27. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $55.05. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $7.45 billion, a PE ratio of -3.46, a PEG ratio of 1.11 and a beta of 1.05.

Sirius XM Announces Dividend

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

Wall Street Analyst Weigh In

SIRI has been the subject of a number of analyst reports. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group lowered their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Pivotal Research cut their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company lowered their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Finally, Benchmark reaffirmed a “buy” rating and set a $43.00 target price on shares of Sirius XM in a research note on Tuesday, October 15th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Sirius XM presently has a consensus 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.