Sirius XM Holdings Inc. $SIRI Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Trims Stake

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 63.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,800 shares of the company’s stock after selling 22,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Sirius XM were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SIRI. BlackRock Inc. increased its stake in Sirius XM by 82.9% during the 2nd quarter. BlackRock Inc. now owns 17,602,229 shares of the company’s stock valued at $519,970,000 after purchasing an additional 7,977,045 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sirius XM by 262.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock worth $145,426,000 after buying an additional 4,560,821 shares in the last quarter. State Street Corp lifted its stake in shares of Sirius XM by 68.9% in the second quarter. State Street Corp now owns 5,992,497 shares of the company’s stock worth $177,018,000 after buying an additional 2,444,881 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Sirius XM by 38.3% in the second quarter. Bank of New York Mellon Corp now owns 3,012,240 shares of the company’s stock worth $88,982,000 after buying an additional 834,479 shares in the last quarter. Finally, Check Capital Management Inc. CA grew its holdings in shares of Sirius XM by 2.0% during the first quarter. Check Capital Management Inc. CA now owns 2,942,595 shares of the company’s stock valued at $67,915,000 after buying an additional 59,095 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of Sirius XM in a research report on Wednesday, September 2nd. They set an “overweight” rating for the company. Bank of America reaffirmed an “underperform” rating on shares of Sirius XM in a research report on Friday, July 31st. Guggenheim reiterated a “buy” rating on shares of Sirius XM in a research note on Thursday, October 29th. Benchmark reissued a “buy” rating on shares of Sirius XM in a report on Wednesday, July 29th. Finally, Morgan Stanley boosted their price target on Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Sirius XM currently has an average rating of “Hold” and an average price target of $32.92.

Sirius XM Stock Performance

Shares of SIRI stock opened at $32.40 on Friday. The company has a 50 day moving average price of $27.86 and a 200-day moving average price of $26.44. Sirius XM Holdings Inc. has a 52 week low of $19.76 and a 52 week high of $33.76. The firm has a market capitalization of $10.90 billion, a PE ratio of 13.28, a P/E/G ratio of 0.53 and a beta of 0.98. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.66.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Sirius XM had a net margin of 10.47% and a return on equity of 9.42%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts expect that Sirius XM Holdings Inc. will post 3.00 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Friday, November 6th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, November 6th. This represents a $1.08 dividend on an annualized basis and a yield of 3.3%. Sirius XM’s payout ratio is currently 44.26%.

Sirius XM Profile

Sirius XM Holdings Inc provides audio entertainment through its SiriusXM and Pandora services. SiriusXM offers music, talk, news, sports, and other programming through satellite radio and streaming, including access through its mobile app and in-vehicle systems.

The company also operates Pandora, a streaming music and podcast service that offers both ad-supported and subscription listening. Its business includes advertising and connected-vehicle services, alongside subscriptions and audio programming.

SiriusXM serves listeners in the United States and Canada.