State Board of Administration of Florida Retirement System reduced its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 7.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,575,777 shares of the company’s stock after selling 269,920 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.08% of Sirius XM Holdings worth $19,738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in shares of Sirius XM Holdings by 0.8% in the 1st quarter. Ameriprise Financial Inc. now owns 225,013 shares of the company’s stock valued at $1,159,000 after acquiring an additional 1,753 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Sirius XM Holdings by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 1,683,130 shares of the company’s stock valued at $8,668,000 after acquiring an additional 58,924 shares during the last quarter. Morgan Stanley lifted its stake in shares of Sirius XM Holdings by 52.9% in the 1st quarter. Morgan Stanley now owns 3,909,839 shares of the company’s stock valued at $20,136,000 after acquiring an additional 1,353,136 shares during the last quarter. AQR Capital Management LLC raised its position in Sirius XM Holdings by 18.7% during the 1st quarter. AQR Capital Management LLC now owns 470,291 shares of the company’s stock valued at $2,422,000 after purchasing an additional 74,002 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Sirius XM Holdings by 5.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 246,700 shares of the company’s stock valued at $1,271,000 after purchasing an additional 11,800 shares during the last quarter. Hedge funds and other institutional investors own 20.42% of the company’s stock.

Shares of Sirius XM Holdings Inc. (SIRI) opened at $5.36 on Thursday. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19. Sirius XM Holdings Inc. has a 12 month low of $4.13 and a 12 month high of $5.89. The firm has a market cap of $24,541.68, a P/E ratio of 29.67, a PEG ratio of 1.72 and a beta of 1.13.

Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM Holdings had a net margin of 16.71% and a negative return on equity of 93.51%. Sirius XM Holdings’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. sell-side analysts expect that Sirius XM Holdings Inc. will post 0.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.011 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.82%. Sirius XM Holdings’s dividend payout ratio is presently 22.22%.

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A number of research firms have commented on SIRI. Zacks Investment Research lowered Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Macquarie restated a “buy” rating and issued a $6.00 price target (up previously from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Gabelli upped their price target on Sirius XM Holdings from $4.75 to $6.10 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Vetr upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.06 target price on the stock in a research note on Monday, July 24th. Finally, Royal Bank Of Canada assumed coverage on Sirius XM Holdings in a research note on Friday, September 15th. They set a “sector perform” rating and a $6.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $6.01.

About Sirius XM Holdings

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

Institutional Ownership by Quarter for Sirius XM Holdings (NASDAQ:SIRI)

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