State of Alaska Department of Revenue Purchases 41,000 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

State of Alaska Department of Revenue boosted its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,242 shares of the company's stock after purchasing an additional 41,000 shares during the period. State of Alaska Department of Revenue owned about 0.07% of Sirius XM worth $5,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Sirius XM by 37.2% in the second quarter. The Manufacturers Life Insurance Company now owns 282,600 shares of the company's stock valued at $800,000 after acquiring an additional 76,552 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Sirius XM by 23.9% in the third quarter. Handelsbanken Fonder AB now owns 49,453 shares of the company's stock valued at $1,170,000 after purchasing an additional 9,542 shares in the last quarter. Mendota Financial Group LLC acquired a new position in shares of Sirius XM during the 3rd quarter worth approximately $754,000. R.H. Dinel Investment Counsel Inc. bought a new stake in shares of Sirius XM during the 3rd quarter worth approximately $1,545,000. Finally, Bfsg LLC boosted its holdings in shares of Sirius XM by 35.3% in the 3rd quarter. Bfsg LLC now owns 4,735 shares of the company's stock valued at $112,000 after buying an additional 1,235 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com initiated coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They set a "sell" rating on the stock. Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Benchmark reiterated a "buy" rating and issued a $43.00 target price on shares of Sirius XM in a research note on Tuesday, October 15th. Barrington Research reissued an "outperform" rating and set a $30.00 price target on shares of Sirius XM in a research report on Thursday, January 30th. Finally, Rosenblatt Securities cut their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.96.

Sirius XM Stock Performance

Shares of Sirius XM stock traded up $0.09 during trading on Tuesday, reaching $25.94. The company's stock had a trading volume of 5,069,575 shares, compared to its average volume of 5,984,131. 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 business's 50-day moving average price is $23.44 and its 200-day moving average price is $26.19. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $50.50. The firm has a market cap of $8.79 billion, a PE ratio of -4.05, a P/E/G ratio of 0.82 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (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%. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.17 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.16%. Sirius XM's dividend payout ratio is presently -16.85%.

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.