Tredje AP fonden lowered its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 17.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 427,185 shares of the company’s stock after selling 88,220 shares during the period. Tredje AP fonden’s holdings in Sirius XM were worth $2,358,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Macquarie Group Ltd. increased its stake in shares of Sirius XM by 476.2% in the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after purchasing an additional 15,200 shares during the period. Colony Group LLC bought a new position in shares of Sirius XM in the second quarter worth about $102,000. Pitcairn Co. increased its stake in shares of Sirius XM by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after purchasing an additional 237 shares during the period. Toronto Dominion Bank increased its stake in shares of Sirius XM by 9.7% in the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after purchasing an additional 1,799 shares during the period. Finally, Advisor Partners LLC increased its stake in shares of Sirius XM by 103.7% in the second quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after purchasing an additional 11,938 shares during the period. 19.65% of the stock is owned by institutional investors.
Sirius XM Holdings Inc. (SIRI) opened at $5.74 on Wednesday. Sirius XM Holdings Inc. has a 12 month low of $4.32 and a 12 month high of $5.89. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19. The stock has a market capitalization of $25,782.55, a PE ratio of 31.17, a P/E/G ratio of 1.80 and a beta of 1.12.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were paid a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a yield of 0.77%. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, November 8th. Sirius XM’s payout ratio is currently 22.22%.
A number of research firms have recently commented on SIRI. BidaskClub upgraded Sirius XM from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley reiterated a “buy” rating on shares of Sirius XM in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Thursday, November 2nd. Gabelli lifted their price objective on Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Pivotal Research reiterated a “buy” rating and issued a $6.80 price objective (up from $6.25) on shares of Sirius XM in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $6.01.
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Sirius XM Profile
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.
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