Caisse Des Depots ET Consignations Invests $741,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Caisse Des Depots ET Consignations bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, HoldingsChannel.com reports. The firm bought 32,483 shares of the company’s stock, valued at approximately $741,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Seizert Capital Partners LLC raised its position in shares of Sirius XM by 16.3% in the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company’s stock worth $51,747,000 after acquiring an additional 317,289 shares during the period. Alberta Investment Management Corp lifted its position in shares of Sirius XM by 2.9% during the 4th quarter. Alberta Investment Management Corp now owns 1,272,526 shares of the company’s stock valued at $29,014,000 after buying an additional 36,300 shares in the last quarter. Whitebox Advisors LLC grew its stake in Sirius XM by 310.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after acquiring an additional 890,048 shares during the period. Check Capital Management Inc. CA increased its holdings in Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after acquiring an additional 981,517 shares in the last quarter. Finally, FMR LLC raised its position in Sirius XM by 472.6% during the third quarter. FMR LLC now owns 497,514 shares of the company’s stock worth $11,766,000 after acquiring an additional 410,621 shares during the period. 10.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SIRI. Rosenblatt Securities cut their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Barrington Research set a $28.00 target price on shares of Sirius XM in a research report on Friday, January 31st. Wells Fargo & Company lowered their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley cut their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Down 0.5 %

Sirius XM stock opened at $23.82 on Friday. The company has a market capitalization of $8.07 billion, a PE ratio of -3.72, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. 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 fifty-two week low of $20.47 and a fifty-two week high of $41.60. The firm has a 50 day moving average price of $23.97 and a 200 day moving average price of $24.59.

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

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is currently -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.