Public Employees Retirement Association of Colorado Has $1.87 Million Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Public Employees Retirement Association of Colorado cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 342,061 shares of the company’s stock after selling 10,075 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Sirius XM Holdings were worth $1,871,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SIRI. Miracle Mile Advisors LLC boosted its stake in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock valued at $102,000 after buying an additional 300 shares during the last quarter. Altfest L J & Co. Inc. bought a new stake in shares of Sirius XM Holdings during the first quarter valued at approximately $105,000. Greenwich Wealth Management LLC bought a new stake in shares of Sirius XM Holdings during the first quarter valued at approximately $108,000. Concorde Asset Management LLC bought a new stake in shares of Sirius XM Holdings during the first quarter valued at approximately $128,000. Finally, TrimTabs Asset Management LLC boosted its stake in shares of Sirius XM Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 25,348 shares of the company’s stock valued at $131,000 after buying an additional 11,928 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at 5.50 on Friday. The company has a 50 day moving average price of $5.48 and a 200-day moving average price of $5.15. Sirius XM Holdings Inc. has a one year low of $4.05 and a one year high of $5.89. The company has a market capitalization of $25.37 billion, a PE ratio of 32.35 and a beta of 1.11.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.04 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Analysts expect that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.73%. Sirius XM Holdings’s dividend payout ratio is presently 25.00%.

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Several analysts recently commented on SIRI shares. Vetr cut Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $5.79 target price on the stock. in a report on Monday, June 19th. Bank of America Corporation restated a “buy” rating and set a $5.50 price target on shares of Sirius XM Holdings in a report on Friday, June 16th. Macquarie restated a “buy” rating and set a $6.00 price target (up from $5.65) on shares of Sirius XM Holdings in a report on Thursday, July 27th. Piper Jaffray Companies set a $7.00 price target on Sirius XM Holdings and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, BidaskClub cut Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Sirius XM Holdings presently has an average rating of “Buy” and a consensus price target of $5.73.

About Sirius XM Holdings

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

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Institutional Ownership by Quarter for Sirius XM Holdings (NASDAQ:SIRI)

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