Treasurer of the State of North Carolina Reduces Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Treasurer of the State of North Carolina trimmed its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 11.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 94,607 shares of the company’s stock after selling 12,020 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Sirius XM were worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SIRI. LSV Asset Management bought a new stake in shares of Sirius XM during the fourth quarter valued at about $51,535,000. Bessemer Group Inc. lifted its stake in Sirius XM by 3.4% in the 4th quarter. Bessemer Group Inc. now owns 47,124 shares of the company’s stock worth $1,074,000 after purchasing an additional 1,540 shares in the last quarter. APG Asset Management N.V. bought a new position in Sirius XM in the 4th quarter valued at $2,715,000. Applied Finance Capital Management LLC grew its position in shares of Sirius XM by 18.6% during the 4th quarter. Applied Finance Capital Management LLC now owns 9,304 shares of the company’s stock valued at $212,000 after purchasing an additional 1,457 shares in the last quarter. Finally, Capula Management Ltd purchased a new position in shares of Sirius XM during the 4th quarter valued at $257,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $20.31 on Friday. The company’s fifty day moving average is $23.08 and its 200 day moving average is $24.11. 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 52 week low of $18.69 and a 52 week high of $41.60. The stock has a market cap of $6.88 billion, a PE ratio of -3.17, a PEG ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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%. Research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Friday, May 9th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Barrington Research set a $28.00 price objective on Sirius XM in a report on Friday, January 31st. Rosenblatt Securities decreased their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their price target 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. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.81.

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.