California State Teachers Retirement System Acquires 48,964 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

California State Teachers Retirement System increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,885 shares of the company's stock after purchasing an additional 48,964 shares during the quarter. California State Teachers Retirement System owned approximately 0.06% of Sirius XM worth $4,694,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM in the 4th quarter valued at approximately $26,000. Putney Financial Group LLC acquired a new stake in Sirius XM in the fourth quarter valued at approximately $27,000. First Command Advisory Services Inc. bought a new stake in Sirius XM in the fourth quarter worth approximately $30,000. Itau Unibanco Holding S.A. grew its position in Sirius XM by 255.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new position in shares of Sirius XM during the 4th quarter worth $43,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SIRI shares. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Barrington Research restated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, May 2nd. Finally, Rosenblatt Securities reduced their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Six investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $26.65.

Insider Activity

In related news, Director Kristina Salen sold 1,651 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $36,767.77. Following the sale, the director now directly owns 15,471 shares in the company, valued at $344,539.17. This represents a 9.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.32% of the company's stock.

Sirius XM Stock Performance

Shares of NASDAQ SIRI traded down $0.14 during trading hours on Thursday, hitting $21.65. 1,323,586 shares of the company's stock were exchanged, compared to its average volume of 5,110,327. The company's 50-day moving average price is $21.27 and its 200-day moving average price is $23.09. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $41.60. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of -3.38, a PEG ratio of 0.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the company posted $0.07 earnings per share. The firm's revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.99%. Sirius XM's dividend payout ratio is currently -16.56%.

Sirius XM 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.