Illinois Municipal Retirement Fund trimmed its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 18.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 200,997 shares of the company's stock after selling 44,745 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Sirius XM worth $4,583,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in Sirius XM during the 4th quarter worth about $26,000. TCTC Holdings LLC acquired a new stake in shares of Sirius XM in the 3rd quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its holdings in shares of Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after buying an additional 1,144 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock valued at $32,000 after acquiring an additional 1,315 shares during the period. Finally, Avior Wealth Management LLC increased its position in Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after buying an additional 1,810 shares during the period. 10.69% of the stock is owned by institutional investors.
Sirius XM Trading Up 1.1 %
SIRI stock traded up $0.27 during midday trading on Friday, reaching $24.19. 3,846,639 shares of the company traded hands, compared to its average volume of 5,514,297. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of -3.77, a P/E/G ratio of 0.79 and a beta of 1.06. The business has a 50 day moving average of $23.57 and a 200-day moving average of $25.56. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $45.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) 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%. As a group, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio is currently -16.85%.
Analyst Upgrades and Downgrades
SIRI has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. Seaport Res Ptn lowered Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. The Goldman Sachs Group cut their price target on Sirius XM from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Rosenblatt Securities lowered their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.81.
View Our Latest Research Report on Sirius XM
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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