Treasurer of the State of North Carolina Has $2.16 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Treasurer of the State of North Carolina lowered its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,607 shares of the company’s stock after selling 12,020 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Sirius XM were worth $2,157,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Xponance Inc. increased its stake in Sirius XM by 4.5% in the fourth quarter. Xponance Inc. now owns 12,341 shares of the company’s stock valued at $281,000 after purchasing an additional 527 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Sirius XM by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock valued at $339,000 after buying an additional 630 shares during the period. Wealthspire Advisors LLC increased its position in Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock valued at $358,000 after buying an additional 643 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock worth $325,000 after buying an additional 791 shares during the period. Finally, Mill Creek Capital Advisors LLC boosted its holdings in Sirius XM by 5.8% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after acquiring an additional 837 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SIRI has been the topic of a number of research reports. Rosenblatt Securities cut their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Barrington Research set a $28.00 target price on shares of Sirius XM in a research report on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Finally, Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.81.

Sirius XM Stock Performance

NASDAQ SIRI opened at $20.31 on Friday. 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 company has a market capitalization of $6.88 billion, a PE ratio of -3.17, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $41.60. The company has a 50-day simple moving average of $23.08 and a 200 day simple moving average of $24.11.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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%. On average, research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.32%. Sirius XM’s payout ratio is -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.