Thrivent Financial for Lutherans Acquires 5,765 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Thrivent Financial for Lutherans boosted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,971 shares of the company’s stock after buying an additional 5,765 shares during the period. Thrivent Financial for Lutherans’ holdings in Sirius XM were worth $1,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Check Capital Management Inc. CA lifted its stake in shares of Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after purchasing an additional 981,517 shares during the last quarter. Whitebox Advisors LLC raised its stake in shares of Sirius XM by 310.5% during the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock worth $27,829,000 after acquiring an additional 890,048 shares in the last quarter. Capital Management Corp VA purchased a new stake in Sirius XM during the fourth quarter valued at approximately $11,339,000. FMR LLC boosted its stake in Sirius XM by 472.6% in the third quarter. FMR LLC now owns 497,514 shares of the company’s stock valued at $11,766,000 after acquiring an additional 410,621 shares in the last quarter. Finally, Seizert Capital Partners LLC boosted its position in shares of Sirius XM by 16.3% in the 4th quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock worth $51,747,000 after purchasing an additional 317,289 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

NASDAQ:SIRI opened at $22.75 on Friday. The stock has a market capitalization of $7.71 billion, a PE ratio of -3.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average price is $23.98 and its 200-day moving average price is $24.55.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.75%. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

Wall Street Analyst Weigh In

SIRI has been the topic of several recent analyst reports. Rosenblatt Securities reduced their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company dropped their target price 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. Morgan Stanley decreased their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. Finally, Guggenheim cut their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.81.

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.