Sirius XM Holdings Inc. $SIRI Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 63.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,800 shares of the company’s stock after selling 22,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Sirius XM were worth $331,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Sirius XM by 82.9% during the 2nd quarter. BlackRock Inc. now owns 17,602,229 shares of the company’s stock valued at $519,970,000 after purchasing an additional 7,977,045 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sirius XM by 262.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock worth $145,426,000 after purchasing an additional 4,560,821 shares during the period. State Street Corp boosted its holdings in shares of Sirius XM by 68.9% in the second quarter. State Street Corp now owns 5,992,497 shares of the company’s stock worth $177,018,000 after buying an additional 2,444,881 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Sirius XM by 38.3% in the second quarter. Bank of New York Mellon Corp now owns 3,012,240 shares of the company’s stock worth $88,982,000 after buying an additional 834,479 shares during the last quarter. Finally, Check Capital Management Inc. CA boosted 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 worth $67,915,000 after buying an additional 59,095 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SIRI. Wolfe Research started coverage on shares of Sirius XM in a report on Wednesday, September 2nd. They set an “outperform” rating for the company. Rosenblatt Securities set a $47.00 price target on shares of Sirius XM and gave the stock a “buy” rating in a research report on Friday, October 30th. Weiss Ratings upgraded shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. BNP Paribas Exane downgraded shares of Sirius XM to a “neutral” rating in a research report on Wednesday, September 2nd. Finally, TD Cowen downgraded shares of Sirius XM to a “hold” rating in a research report on Wednesday, September 2nd. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.92.

Sirius XM Stock Performance

Shares of SIRI opened at $32.40 on Friday. The business has a 50-day simple moving average of $27.86 and a two-hundred day simple moving average of $26.44. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.66. Sirius XM Holdings Inc. has a 52 week low of $19.76 and a 52 week high of $33.76. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.53 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Sirius XM had a return on equity of 9.42% and a net margin of 10.47%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. On average, analysts expect that Sirius XM Holdings Inc. will post 3.00 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Friday, November 6th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, November 6th. This represents a $1.08 dividend on an annualized basis and a yield of 3.3%. Sirius XM’s dividend payout ratio (DPR) is presently 44.26%.

Sirius XM Company Profile

Sirius XM Holdings Inc provides audio entertainment through its SiriusXM and Pandora services. SiriusXM offers music, talk, news, sports, and other programming through satellite radio and streaming, including access through its mobile app and in-vehicle systems.

The company also operates Pandora, a streaming music and podcast service that offers both ad-supported and subscription listening. Its business includes advertising and connected-vehicle services, alongside subscriptions and audio programming.

SiriusXM serves listeners in the United States and Canada.