Arizona State Retirement System trimmed its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Rating) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,364 shares of the company’s stock after selling 2,970 shares during the quarter. Arizona State Retirement System’s holdings in Sirius XM were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in SIRI. National Bank of Canada FI acquired a new position in Sirius XM during the 4th quarter worth approximately $50,000. Brown Advisory Inc. grew its holdings in Sirius XM by 20.8% during the fourth quarter. Brown Advisory Inc. now owns 34,456 shares of the company’s stock valued at $218,000 after purchasing an additional 5,927 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Sirius XM during the fourth quarter valued at $3,680,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Sirius XM by 10.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 686,902 shares of the company’s stock worth $4,362,000 after acquiring an additional 66,077 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Sirius XM by 33.0% in the fourth quarter. Illinois Municipal Retirement Fund now owns 173,966 shares of the company’s stock worth $1,105,000 after acquiring an additional 43,125 shares during the period. 11.79% of the stock is owned by institutional investors and hedge funds.
Sirius XM Stock Up 1.5 %
Shares of SIRI stock opened at $6.68 on Monday. The stock has a market cap of $26.29 billion, a P/E ratio of 19.65, a PEG ratio of 2.06 and a beta of 0.92. Sirius XM Holdings Inc. has a 52 week low of $5.69 and a 52 week high of $6.88. The company’s fifty day simple moving average is $6.23 and its two-hundred day simple moving average is $6.26.
Sirius XM (NASDAQ:SIRI – Get Rating) last announced its earnings results on Thursday, July 28th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Sirius XM had a net margin of 15.90% and a negative return on equity of 49.74%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Sirius XM Holdings Inc. will post 0.32 EPS for the current fiscal year.
Sirius XM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 5th will be paid a $0.022 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.09 dividend on an annualized basis and a yield of 1.32%. Sirius XM’s dividend payout ratio is currently 26.47%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on SIRI shares. StockNews.com downgraded Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Rosenblatt Securities started coverage on Sirius XM in a research note on Tuesday, April 19th. They set a “buy” rating and a $8.00 price objective on the stock. Morgan Stanley reissued a “maintains” rating on shares of Sirius XM in a research note on Friday. Finally, Citigroup cut their target price on Sirius XM from $7.60 to $7.50 and set a “buy” rating on the stock in a research note on Thursday, July 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.07.
Sirius XM Company Profile
Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels.
Receive News & Ratings for Sirius XM Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sirius XM and related companies with MarketBeat.com’s FREE daily email newsletter.