Thrivent Financial for Lutherans Increases Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

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

Several other institutional investors and hedge funds have also made changes to their positions in SIRI. Check Capital Management Inc. CA increased its holdings in shares of Sirius XM by 597.7% in the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after purchasing an additional 981,517 shares during the last quarter. Whitebox Advisors LLC grew its holdings in Sirius XM by 310.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after buying an additional 890,048 shares in the last quarter. Capital Management Corp VA purchased a new stake in Sirius XM in the 4th quarter valued at $11,339,000. FMR LLC increased its stake in shares of Sirius XM by 472.6% in the 3rd quarter. FMR LLC now owns 497,514 shares of the company’s stock worth $11,766,000 after acquiring an additional 410,621 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its holdings in shares of Sirius XM by 16.3% during the 4th quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock worth $51,747,000 after acquiring an additional 317,289 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Price Performance

SIRI opened at $22.75 on Friday. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of -3.55, a PEG ratio of 0.79 and a beta of 1.06. The company has a current ratio of 0.42, a quick 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 Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60.

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

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.75%. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SIRI. Rosenblatt Securities dropped their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Guggenheim cut their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Barrington Research set a $28.00 price objective on Sirius XM in a report on Friday, January 31st. Finally, Wells Fargo & Company cut their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.81.

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.