Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 15.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,439 shares of the company’s stock after purchasing an additional 11,243 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Sirius XM were worth $1,902,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sessa Capital IM L.P. purchased a new stake in Sirius XM during the third quarter worth $77,983,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Sirius XM in the third quarter worth about $67,598,000. Seizert Capital Partners LLC purchased a new stake in shares of Sirius XM during the 3rd quarter worth about $46,173,000. Check Capital Management Inc. CA grew its position in shares of Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after acquiring an additional 981,517 shares during the period. Finally, Whitebox Advisors LLC increased its stake in shares of Sirius XM by 310.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company’s stock valued at $27,829,000 after purchasing an additional 890,048 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Up 1.0 %

SIRI stock opened at $25.00 on Tuesday. The company has a market cap of $8.47 billion, a P/E ratio of -3.90, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $23.39 and its 200 day moving average price is $25.70. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $47.80.

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

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.32%. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Rosenblatt Securities decreased their price target 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. StockNews.com assumed coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating on the stock. The Goldman Sachs Group dropped their price target on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Morgan Stanley reduced their price objective 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. Finally, JPMorgan Chase & Co. increased their price objective on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.81.

Sirius XM Company Profile

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.