Illinois Municipal Retirement Fund Has $1.03 Million Holdings in Sirius XM Holdings Inc. $SIRI

Illinois Municipal Retirement Fund trimmed its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 63.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,421 shares of the company’s stock after selling 78,437 shares during the period. Illinois Municipal Retirement Fund’s holdings in Sirius XM were worth $1,034,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SIRI. AQR Capital Management LLC increased its position in shares of Sirius XM by 165.2% during the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after purchasing an additional 3,233,922 shares in the last quarter. Norges Bank acquired a new stake in shares of Sirius XM during the second quarter worth approximately $43,152,000. Man Group plc bought a new position in shares of Sirius XM in the second quarter valued at approximately $19,708,000. Allianz Asset Management GmbH bought a new position in shares of Sirius XM in the third quarter valued at approximately $6,217,000. Finally, Alberta Investment Management Corp boosted its holdings in shares of Sirius XM by 20.2% in the 2nd quarter. Alberta Investment Management Corp now owns 1,486,226 shares of the company’s stock worth $34,139,000 after acquiring an additional 250,000 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SIRI has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Sirius XM in a report on Friday, October 31st. UBS Group set a $24.00 target price on Sirius XM in a report on Tuesday, February 10th. Weiss Ratings cut Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Rosenblatt Securities increased their price objective on shares of Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Moffett Nathanson began coverage on shares of Sirius XM in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 target price for the company. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.44.

Sirius XM Stock Up 0.2%

Shares of NASDAQ:SIRI opened at $21.07 on Thursday. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $26.14. The company has a market capitalization of $7.05 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 0.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.30 and a current ratio of 0.30. The company has a fifty day moving average of $20.91 and a 200-day moving average of $21.75.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, February 11th. Sirius XM’s dividend payout ratio is 48.21%.

Sirius XM Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.