Sirius XM Holdings Inc. $SIRI Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 24.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,242 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Sirius XM worth $4,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SIRI. AQR Capital Management LLC raised its position in Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after purchasing an additional 3,233,922 shares during the period. Norges Bank purchased a new stake in shares of Sirius XM during the second quarter valued at approximately $43,152,000. Man Group plc acquired a new stake in Sirius XM during the 2nd quarter valued at $19,708,000. Alberta Investment Management Corp boosted its position in Sirius XM by 20.2% in the 2nd quarter. Alberta Investment Management Corp now owns 1,486,226 shares of the company’s stock valued at $34,139,000 after buying an additional 250,000 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Sirius XM by 233.9% during the second quarter. Ieq Capital LLC now owns 331,741 shares of the company’s stock valued at $7,620,000 after acquiring an additional 232,374 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a research note on Monday, November 3rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $23.00 price target on shares of Sirius XM in a research note on Monday, December 1st. JPMorgan Chase & Co. upped their price target on Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. Benchmark reaffirmed a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Sirius XM in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Sirius XM in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.29.

Insider Buying and Selling at Sirius XM

In related news, Director Kristina Salen sold 1,845 shares of Sirius XM stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $21.64, for a total transaction of $39,925.80. Following the sale, the director directly owned 19,969 shares in the company, valued at $432,129.16. The trade was a 8.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.32% of the stock is currently owned by corporate insiders.

Sirius XM Price Performance

NASDAQ SIRI opened at $21.78 on Monday. The company has a 50-day moving average price of $21.20 and a two-hundred day moving average price of $22.26. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $27.41. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 0.29 and a beta of 0.93. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.78.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.05. Sirius XM had a return on equity of 8.79% and a net margin of 11.61%.The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm posted ($8.74) earnings per share. The business’s revenue was down .6% on a year-over-year basis. Analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Wednesday, November 5th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is 38.16%.

Sirius XM Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.