Alberta Investment Management Corp boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,272,526 shares of the company's stock after acquiring an additional 36,300 shares during the period. Alberta Investment Management Corp owned 0.38% of Sirius XM worth $29,014,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of SIRI. State of Alaska Department of Revenue increased its holdings in shares of Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after acquiring an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA raised its stake in Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after acquiring an additional 981,517 shares during the last quarter. Franklin Resources Inc. lifted its position in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after acquiring an additional 58,993 shares during the period. Legato Capital Management LLC grew its stake in Sirius XM by 21.9% during the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock valued at $1,949,000 after purchasing an additional 15,342 shares during the last quarter. Finally, MBA Advisors LLC acquired a new position in shares of Sirius XM in the fourth quarter valued at about $228,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have commented on SIRI shares. JPMorgan Chase & Co. lifted their price objective on shares of Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Rosenblatt Securities cut their price target 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. The Goldman Sachs Group decreased their price objective on Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, November 4th. Finally, Pivotal Research reduced their price target on Sirius XM from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Sirius XM has a consensus rating of "Hold" and a consensus price target of $26.96.
Get Our Latest Research Report on Sirius XM
Sirius XM Price Performance
SIRI stock traded down $0.42 during midday trading on Friday, reaching $24.77. The stock had a trading volume of 4,840,213 shares, compared to its average volume of 5,715,015. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $48.00. 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 company's fifty day simple moving average is $23.33 and its 200 day simple moving average is $25.86. The company has a market cap of $8.39 billion, a price-to-earnings ratio of -3.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates 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 predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a $0.27 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.36%. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
About Sirius XM
(
Free Report)
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.
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