Berkshire Hathaway Inc Acquires 5,030,425 Shares of Sirius XM Holdings Inc. $SIRI

Key Points

• Berkshire Hathaway added 5,030,425 shares (a 4.2% increase), raising its total to 124,807,117 shares — about 37.08% of Sirius XM and roughly $2.90 billion in value, making SIRI its 13th-largest holding.
• Sirius XM pays a quarterly dividend of $0.27 (annualized $1.08) for a 4.9% yield, and analysts have an average "Hold" rating with a consensus price target of $24.44.

Berkshire Hathaway Inc lifted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 4.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,807,117 shares of the company's stock after buying an additional 5,030,425 shares during the period. Sirius XM comprises about 1.1% of Berkshire Hathaway Inc's portfolio, making the stock its 13th biggest holding. Berkshire Hathaway Inc owned about 37.08% of Sirius XM worth $2,904,886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC grew its position in Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company's stock valued at $117,327,000 after acquiring an additional 3,233,922 shares during the last quarter. Norges Bank bought a new position in shares of Sirius XM in the second quarter worth about $43,152,000. Two Sigma Investments LP lifted its holdings in shares of Sirius XM by 270.0% in the third quarter. Two Sigma Investments LP now owns 1,933,521 shares of the company's stock worth $45,003,000 after acquiring an additional 1,410,963 shares during the last quarter. Check Capital Management Inc. CA boosted its stake in shares of Sirius XM by 76.7% in the 3rd quarter. Check Capital Management Inc. CA now owns 2,061,843 shares of the company's stock valued at $47,989,000 after purchasing an additional 895,247 shares in the last quarter. Finally, Man Group plc acquired a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $19,708,000. 10.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barrington Research reiterated an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a research report on Thursday, February 5th. JPMorgan Chase & Co. upgraded shares of Sirius XM from an "underweight" rating to a "neutral" rating and raised their target price for the company from $20.00 to $24.00 in a research report on Tuesday, February 10th. UBS Group set a $24.00 target price on shares of Sirius XM in a research note on Tuesday, February 10th. Rosenblatt Securities upped their price target on shares of Sirius XM from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Friday, February 6th. Finally, Moffett Nathanson assumed coverage on Sirius XM in a research note on Tuesday, January 27th. They issued a "neutral" rating and a $21.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $24.44.

Sirius XM Stock Down 1.1%

Shares of NASDAQ SIRI opened at $21.99 on Friday. The company has a 50 day simple moving average of $21.22 and a 200 day simple moving average of $21.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.30 and a quick ratio of 0.30. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $24.92. The firm has a market cap of $7.36 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.38 and a beta of 0.92.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Wednesday, February 11th. Sirius XM's payout ratio is 48.21%.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM's offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

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