Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 21.2% during the 4th quarter, Holdings Channel reports. The fund owned 234,242 shares of the company’s stock after purchasing an additional 41,000 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sirius XM were worth $5,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Coston McIsaac & Partners boosted its position in Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 1,144 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM during the fourth quarter worth $26,000. Chicago Partners Investment Group LLC grew its position in Sirius XM by 7.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after buying an additional 1,202 shares during the period. Finally, TCTC Holdings LLC purchased a new position in Sirius XM in the third quarter valued at $29,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Trading Down 1.8 %

SIRI opened at $25.44 on Friday. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of -3.97, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. The company’s 50 day simple moving average is $23.50 and its two-hundred day simple moving average is $26.53. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $50.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS 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%. Analysts expect that Sirius XM Holdings Inc. will post 2.98 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.25%. The ex-dividend date is Friday, February 7th. Sirius XM’s payout ratio is currently -16.85%.

Wall Street Analysts Forecast Growth

SIRI has been the topic of several recent analyst reports. Morgan Stanley lowered their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group cut their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. 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 report on Thursday, December 19th. Finally, StockNews.com assumed coverage on shares of Sirius XM in a report on Wednesday, November 13th. They issued a “sell” rating for the company. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.96.

Sirius XM Profile

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.