New York State Common Retirement Fund Has $3.05 Million Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

New York State Common Retirement Fund reduced its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,686 shares of the company’s stock after selling 500 shares during the quarter. New York State Common Retirement Fund’s holdings in Sirius XM were worth $3,048,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM during the 4th quarter worth about $26,000. TCTC Holdings LLC acquired a new position in shares of Sirius XM during the 3rd quarter worth about $29,000. Geneos Wealth Management Inc. grew its position 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 worth $31,000 after buying an additional 1,144 shares during the period. Princeton Global Asset Management LLC grew its position in shares of 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 purchasing an additional 1,315 shares during the period. Finally, Avior Wealth Management LLC grew its position in shares of Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after purchasing an additional 1,810 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SIRI shares. Wells Fargo & Company decreased their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Barrington Research set a $28.00 price objective on Sirius XM in a research report on Friday, January 31st. StockNews.com started coverage on Sirius XM in a research report on Wednesday, November 13th. They issued a “sell” rating for the company. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group decreased 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. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.81.

Sirius XM Trading Up 1.1 %

NASDAQ SIRI opened at $24.19 on Friday. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of -3.77, a PEG ratio of 0.79 and a beta of 1.06. The stock’s 50 day moving average price is $23.57 and its two-hundred day moving average price is $25.56. 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 Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $45.00.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (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%. As a group, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend 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%.

About Sirius XM

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.