Public Employees Retirement System of Ohio Sells 12,666 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Public Employees Retirement System of Ohio cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,932 shares of the company's stock after selling 12,666 shares during the period. Public Employees Retirement System of Ohio's holdings in Sirius XM were worth $2,005,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SIRI. State of Alaska Department of Revenue boosted its stake in shares of Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after purchasing an additional 41,000 shares during the period. Check Capital Management Inc. CA boosted its position 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 worth $26,123,000 after purchasing an additional 981,517 shares in the last quarter. Legato Capital Management LLC grew its stake in shares of Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after acquiring an additional 15,342 shares during the last quarter. MBA Advisors LLC acquired a new stake in shares of Sirius XM during the fourth quarter worth $228,000. Finally, Berkshire Hathaway Inc grew its stake in Sirius XM by 11.7% during the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after purchasing an additional 12,313,544 shares during the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction 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 owns 15,471 shares of the company's stock, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barrington Research reaffirmed an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, May 2nd. Rosenblatt Securities dropped their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Six analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.65.

Sirius XM Stock Up 1.6%

Shares of SIRI traded up $0.35 during trading hours on Tuesday, reaching $21.61. The company's stock had a trading volume of 2,758,492 shares, compared to its average volume of 5,118,721. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of -3.37, a P/E/G ratio of 0.79 and a beta of 0.90. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year 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 50 day moving average of $21.34 and a two-hundred day moving average of $23.11.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.59 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 13.44% and a negative net margin of 24.03%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal 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 given a $0.27 dividend. 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 5.00%. Sirius XM's payout ratio is -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.