New York State Common Retirement Fund lifted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,479,400 shares of the company’s stock after acquiring an additional 49,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Sirius XM worth $19,206,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Sirius XM by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,433,991 shares of the company’s stock worth $429,035,000 after acquiring an additional 957,278 shares during the period. FMR LLC increased its position in shares of Sirius XM by 3.8% during the second quarter. FMR LLC now owns 43,576,316 shares of the company’s stock worth $238,362,000 after acquiring an additional 1,614,259 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Sirius XM by 119.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock worth $188,025,000 after acquiring an additional 18,694,885 shares during the period. Eagle Asset Management Inc. increased its holdings in Sirius XM by 22.5% during the second quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock valued at $72,524,000 after buying an additional 2,436,197 shares during the period. Finally, APG Asset Management N.V. increased its holdings in Sirius XM by 23.8% during the third quarter. APG Asset Management N.V. now owns 11,186,062 shares of the company’s stock valued at $61,747,000 after buying an additional 2,147,800 shares during the period. 19.65% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on SIRI. BidaskClub raised shares of Sirius XM from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Bank of America set a $7.00 price objective on shares of Sirius XM and gave the company a “buy” rating in a report on Thursday, October 12th. Piper Jaffray Companies set a $7.00 price objective on shares of Sirius XM and gave the company a “buy” rating in a report on Wednesday, October 11th. Pivotal Research reissued a “buy” rating and set a $6.80 price objective (up from $6.25) on shares of Sirius XM in a report on Wednesday, October 25th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $6.00 price objective on shares of Sirius XM in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Sirius XM has an average rating of “Buy” and an average price target of $6.01.

In other Sirius XM news, CEO James E. Meyer sold 172,704 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value of $980,958.72. Following the completion of the sale, the chief executive officer now directly owns 3,377,085 shares in the company, valued at $19,181,842.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the completion of the sale, the executive vice president now owns 227,430 shares of the company’s stock, valued at $1,296,351. The disclosure for this sale can be found here. 1.06% of the stock is owned by company insiders.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $5.66 on Friday. The firm has a market cap of $26,150.21, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 1.82 and a beta of 1.12. Sirius XM Holdings Inc. has a one year low of $4.40 and a one year high of $5.89. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 had a net margin of 16.71% and a negative return on equity of 93.51%. Sirius XM’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.04 earnings per share. equities research analysts anticipate that Sirius XM Holdings Inc. will post 0.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were paid a $0.011 dividend. This represents a $0.04 annualized dividend and a yield of 0.78%. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, November 8th. Sirius XM’s dividend payout ratio (DPR) is 22.22%.

TRADEMARK VIOLATION WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/12/15/new-york-state-common-retirement-fund-raises-stake-in-sirius-xm-holdings-inc-siri.html.

About Sirius XM

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 (NASDAQ:SIRI)

Receive News & Stock Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related stocks with our FREE daily email newsletter.