APG Asset Management N.V. Takes Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

APG Asset Management N.V. purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 123,300 shares of the company’s stock, valued at approximately $2,715,000.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wells Fargo & Company decreased their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a report on Friday, January 31st. Rosenblatt Securities dropped their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Morgan Stanley decreased their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Stock Down 0.3 %

SIRI stock opened at $20.02 on Friday. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.78 billion, a PE ratio of -3.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. The business’s 50-day simple moving average is $23.50 and its 200 day simple moving average is $24.22.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping 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 anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.39%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

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.