Korea Investment CORP reduced its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,150 shares of the company's stock after selling 42,668 shares during the quarter. Korea Investment CORP owned about 0.05% of Sirius XM worth $4,199,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its holdings 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 valued at $5,340,000 after purchasing an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA boosted its holdings in 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 worth $26,123,000 after purchasing an additional 981,517 shares in the last quarter. Legato Capital Management LLC increased its holdings in shares of 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 acquiring an additional 15,342 shares during the last quarter. Franklin Resources Inc. grew its holdings in Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after purchasing an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC acquired a new position in Sirius XM in the 4th quarter valued at $228,000. 10.69% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on SIRI. Seaport Res Ptn downgraded shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Guggenheim reduced their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. Barrington Research set a $28.00 target price on Sirius XM in a research note on Friday, January 31st. Finally, Morgan Stanley lowered their price target on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sirius XM presently has a consensus rating of "Hold" and a consensus target price of $26.81.
Get Our Latest Report on SIRI
Sirius XM Stock Performance
Shares of SIRI stock traded down $1.62 on Friday, hitting $19.51. 9,239,387 shares of the stock were exchanged, compared to its average volume of 4,825,474. Sirius XM Holdings Inc. has a one year low of $19.01 and a one year high of $41.60. The firm's 50 day moving average is $23.91 and its two-hundred day moving average is $24.43. The firm has a market capitalization of $6.61 billion, a PE ratio of -3.04, a P/E/G ratio of 0.79 and a beta of 0.98. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating 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%. Sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 5.54%. Sirius XM's dividend payout ratio is presently -16.85%.
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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