Caisse Des Depots ET Consignations bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,483 shares of the company's stock, valued at approximately $741,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SIRI. State of Alaska Department of Revenue grew its stake in shares of Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock worth $5,340,000 after purchasing an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA grew its position in shares of 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 valued at $26,123,000 after buying an additional 981,517 shares during the last quarter. Legato Capital Management LLC increased its stake in shares of Sirius XM by 21.9% in the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock valued at $1,949,000 after buying an additional 15,342 shares during the period. Franklin Resources Inc. raised its position in shares of Sirius XM by 209.1% during the third 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 last quarter. Finally, MBA Advisors LLC acquired a new position in shares of Sirius XM in the fourth quarter worth approximately $228,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.
Sirius XM Stock Down 0.6 %
Shares of Sirius XM stock traded down $0.15 during trading hours on Tuesday, reaching $22.41. The company's stock had a trading volume of 1,353,625 shares, compared to its average volume of 4,729,229. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The stock's fifty day simple moving average is $23.98 and its two-hundred day simple moving average is $24.50. The company has a market capitalization of $7.59 billion, a P/E ratio of -3.49, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate 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%. On average, research analysts forecast 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. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio is currently -16.85%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on SIRI. Seaport Res Ptn lowered shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Morgan Stanley dropped their target price on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Guggenheim decreased their price target on 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 target price on Sirius XM in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their target price on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.81.
Get Our Latest Analysis on SIRI
Sirius XM Company Profile
(
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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