Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 901,000 shares of the company’s stock, valued at approximately $20,795,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Sirius XM by 262.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after acquiring an additional 4,560,821 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Sirius XM by 165.2% in the 2nd 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 last quarter. State Street Corp increased its holdings in shares of Sirius XM by 0.7% in the fourth quarter. State Street Corp now owns 3,487,415 shares of the company’s stock valued at $69,731,000 after purchasing an additional 25,906 shares during the period. Check Capital Management Inc. CA increased its holdings in shares of Sirius XM by 2.0% in the first quarter. Check Capital Management Inc. CA now owns 2,942,595 shares of the company’s stock valued at $67,915,000 after purchasing an additional 59,095 shares during the period. Finally, Norges Bank purchased a new stake in shares of Sirius XM during the fourth quarter worth approximately $57,124,000. Institutional investors and hedge funds own 10.69% of the company’s stock.
Sirius XM Stock Performance
Shares of SIRI stock opened at $31.22 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $29.08 and a 200-day simple moving average of $25.08. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 0.64 and a beta of 0.95. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $31.49.
Sirius XM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 3.5%. Sirius XM’s dividend payout ratio (DPR) is 45.57%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Citigroup reaffirmed a “sell” rating and set a $22.00 price target (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Weiss Ratings raised shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Rosenblatt Securities cut their price objective on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Guggenheim restated a “buy” rating on shares of Sirius XM in a research note on Wednesday, June 17th. Finally, Barrington Research lifted their target price on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.09.
Check Out Our Latest Analysis on SIRI
Insider Activity at Sirius XM
In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the sale, the insider directly owned 20,163 shares in the company, valued at approximately $601,462.29. The trade was a 50.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.27% of the company’s stock.
About Sirius XM
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.
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