Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock Position Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 15.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,439 shares of the company’s stock after purchasing an additional 11,243 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Sirius XM were worth $1,902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of SIRI. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the fourth quarter valued at approximately $26,000. TCTC Holdings LLC bought a new stake in shares of Sirius XM during the 3rd quarter worth about $29,000. Geneos Wealth Management Inc. increased its holdings in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after buying an additional 1,315 shares during the period. Finally, Avior Wealth Management LLC increased its stake in shares of Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after purchasing an additional 1,810 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SIRI. Rosenblatt Securities cut their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group dropped their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Pivotal Research reduced their price objective on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Guggenheim lowered their target price 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. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Up 1.0 %

Shares of SIRI stock opened at $25.00 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm’s 50-day moving average is $23.39 and its 200-day moving average is $25.70. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of -3.90, a PEG ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $47.80.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (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 predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio is presently -16.85%.

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.