Kentucky Retirement Systems Takes $331,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Kentucky Retirement Systems purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,687 shares of the company's stock, valued at approximately $331,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Sirius XM in the 1st quarter valued at $25,000. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM during the 4th quarter valued at $26,000. Putney Financial Group LLC purchased a new stake in Sirius XM during the 4th quarter valued at $27,000. First Command Advisory Services Inc. purchased a new stake in Sirius XM during the 4th quarter valued at $30,000. Finally, Itau Unibanco Holding S.A. boosted its position in Sirius XM by 255.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock valued at $42,000 after buying an additional 1,321 shares during the period. Institutional investors own 10.69% of the company's stock.

Sirius XM Stock Up 0.2%

Shares of Sirius XM stock traded up $0.05 during trading on Friday, hitting $22.56. The company's stock had a trading volume of 4,530,142 shares, compared to its average volume of 4,937,738. 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 fifty day simple moving average of $21.75 and a two-hundred day simple moving average of $22.51. The company has a market capitalization of $7.62 billion, a PE ratio of -3.46, a P/E/G ratio of 0.32 and a beta of 0.91. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The firm's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. Equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.79%. Sirius XM's dividend payout ratio is currently -16.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barrington Research reissued an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a research report on Friday, May 2nd. Rosenblatt Securities dropped their price target on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Guggenheim reissued a "buy" rating and set a $29.00 price target on shares of Sirius XM in a research report on Thursday. Finally, Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.17.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total transaction of $36,767.77. Following the completion of the sale, the director now directly owns 15,471 shares in the company, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is owned by company insiders.

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.