Alberta Investment Management Corp boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,272,526 shares of the company's stock after acquiring an additional 36,300 shares during the quarter. Alberta Investment Management Corp owned 0.38% of Sirius XM worth $29,014,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SIRI. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM in the fourth quarter valued at $26,000. Coston McIsaac & Partners grew its stake in shares of Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company's stock valued at $27,000 after acquiring an additional 624 shares in the last quarter. TCTC Holdings LLC acquired a new position in shares of Sirius XM in the third quarter valued at about $29,000. Geneos Wealth Management Inc. grew its stake in shares of Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after acquiring an additional 1,144 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its stake in shares of Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. 10.69% of the stock is owned by institutional investors.
A number of research firms have recently commented on SIRI. Bank of America reissued an "underperform" rating and issued a $23.00 target price on shares of Sirius XM in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Sirius XM from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Thursday, November 7th. The Goldman Sachs Group dropped their price objective 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. Seaport Res Ptn lowered shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, StockNews.com assumed coverage on shares of Sirius XM in a report on Wednesday, November 13th. They issued a "sell" rating for the company. Six equities 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 stock. According to MarketBeat, Sirius XM currently has an average rating of "Hold" and a consensus price target of $26.96.
Read Our Latest Stock Analysis on Sirius XM
NASDAQ SIRI opened at $26.52 on Wednesday. The company has a fifty day simple moving average of $23.32 and a 200 day simple moving average of $25.86. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $48.55. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share 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%. As a group, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Friday, February 7th. Sirius XM's payout ratio is -16.85%.
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.
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