Tredje AP fonden boosted its position in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 1,029.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,071,323 shares of the company’s stock after purchasing an additional 976,447 shares during the quarter. Tredje AP fonden’s holdings in Sirius XM were worth $4,424,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SIRI. Bartlett & Co. LLC purchased a new stake in shares of Sirius XM in the first quarter valued at $25,000. Savior LLC purchased a new stake in shares of Sirius XM in the fourth quarter valued at $30,000. First Horizon Advisors Inc. lifted its position in shares of Sirius XM by 45.5% in the first quarter. First Horizon Advisors Inc. now owns 6,538 shares of the company’s stock valued at $32,000 after acquiring an additional 2,043 shares in the last quarter. Great Diamond Partners LLC purchased a new stake in shares of Sirius XM in the fourth quarter valued at $35,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Sirius XM in the first quarter valued at $35,000. Institutional investors own 17.48% of the company’s stock.
NASDAQ:SIRI traded up $0.11 on Friday, hitting $5.31. 38,877,362 shares of the stock were exchanged, compared to its average volume of 33,683,824. The stock has a market cap of $22.75 billion, a PE ratio of 22.59, a PEG ratio of 1.74 and a beta of 1.22. The stock has a fifty day moving average of $5.33 and a 200-day moving average of $6.38. Sirius XM Holdings Inc has a fifty-two week low of $4.11 and a fifty-two week high of $7.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.0133 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $0.05 annualized dividend and a yield of 1.00%. Sirius XM’s dividend payout ratio is presently 25.00%.
In other Sirius XM news, Director Gregory B. Maffei sold 84,750 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $5.60, for a total transaction of $474,600.00. Following the completion of the sale, the director now directly owns 515,610 shares in the company, valued at $2,887,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.93% of the company’s stock.
Several brokerages have recently issued reports on SIRI. JPMorgan Chase & Co. upped their price objective on Sirius XM from $7.00 to $8.00 in a research report on Wednesday, February 5th. Barclays reduced their price objective on Sirius XM from $5.50 to $4.50 and set an “underweight” rating on the stock in a research report on Thursday, April 9th. Citigroup upgraded Sirius XM from a “neutral” rating to a “buy” rating and set a $5.90 target price for the company in a research note on Tuesday, March 31st. B. Riley upped their target price on Sirius XM from $7.00 to $7.25 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $6.00 target price on shares of Sirius XM in a research note on Thursday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Sirius XM has a consensus rating of “Hold” and an average target price of $6.93.
Sirius XM Company Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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