Illinois Municipal Retirement Fund Has $4.58 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Illinois Municipal Retirement Fund decreased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 18.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 200,997 shares of the company’s stock after selling 44,745 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Sirius XM were worth $4,583,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SIRI. State of Alaska Department of Revenue increased its position in shares of Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after purchasing an additional 41,000 shares during the period. Check Capital Management Inc. CA lifted its holdings in shares of Sirius XM by 597.7% during 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 during the period. Legato Capital Management LLC boosted its position in shares of Sirius XM by 21.9% during the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock valued at $1,949,000 after acquiring an additional 15,342 shares in the last quarter. Franklin Resources Inc. increased its stake in Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after acquiring an additional 58,993 shares during the period. Finally, MBA Advisors LLC acquired a new position in Sirius XM in the fourth quarter worth about $228,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Rosenblatt Securities cut their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group cut their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Down 1.6 %

Shares of Sirius XM stock opened at $24.13 on Thursday. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $47.45. The business has a fifty day simple moving average of $23.48 and a 200 day simple moving average of $25.64. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock has a market cap of $8.17 billion, a PE ratio of -3.76, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

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

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.48%. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Sirius XM Company 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.