Teacher Retirement System of Texas decreased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 67.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,322 shares of the company's stock after selling 41,917 shares during the quarter. Teacher Retirement System of Texas' holdings in Sirius XM were worth $463,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Xponance Inc. grew its holdings in Sirius XM by 4.5% during the fourth quarter. Xponance Inc. now owns 12,341 shares of the company's stock valued at $281,000 after purchasing an additional 527 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Sirius XM by 4.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock valued at $339,000 after acquiring an additional 630 shares during the period. Wealthspire Advisors LLC increased its holdings in Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock worth $358,000 after acquiring an additional 643 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock worth $325,000 after acquiring an additional 791 shares during the period. Finally, Mill Creek Capital Advisors LLC lifted its holdings in Sirius XM by 5.8% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after purchasing an additional 837 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.
Sirius XM Stock Performance
SIRI stock traded down $1.20 during trading on Thursday, hitting $21.13. The company had a trading volume of 7,200,107 shares, compared to its average volume of 4,772,201. The firm has a market cap of $7.16 billion, a PE ratio of -3.30, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $41.60. The firm has a 50-day moving average price of $23.98 and a 200-day moving average price of $24.47.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released 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 positive return on equity of 13.44% and a negative net margin of 24.03%. On average, analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is currently -16.85%.
Analyst Ratings Changes
Several analysts have recently commented on SIRI shares. 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. Barrington Research set a $28.00 price objective on Sirius XM in a research report on Friday, January 31st. Guggenheim dropped their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company decreased their target price on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research note on Thursday, December 19th. Finally, Rosenblatt Securities dropped their price target on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Sirius XM currently has an average rating of "Hold" and an average price target of $26.81.
Check Out Our Latest Stock Report on Sirius XM
Sirius XM 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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