Sirius XM Holdings Inc. (NASDAQ:SIRI) Holdings Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 67.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,322 shares of the company’s stock after selling 41,917 shares during the period. Teacher Retirement System of Texas’ holdings in Sirius XM were worth $463,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. State of Alaska Department of Revenue boosted its position in shares of Sirius XM by 21.2% during the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after purchasing an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA boosted its holdings in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after buying an additional 981,517 shares in the last quarter. Legato Capital Management LLC grew its position in Sirius XM by 21.9% in the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock worth $1,949,000 after buying an additional 15,342 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after buying an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC acquired a new stake in shares of Sirius XM during the 4th quarter valued at $228,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of SIRI opened at $22.55 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $7.64 billion, a PE ratio of -3.52, a PEG ratio of 0.79 and a beta of 1.06. The firm’s 50 day moving average price is $23.98 and its 200 day moving average price is $24.50. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $41.60.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio is -16.85%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SIRI. Morgan Stanley cut their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Guggenheim decreased their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Rosenblatt Securities cut their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus target price of $26.81.

About Sirius XM

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.