Korea Investment CORP Has $4.20 Million Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Korea Investment CORP decreased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,150 shares of the company’s stock after selling 42,668 shares during the period. Korea Investment CORP owned about 0.05% of Sirius XM worth $4,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its stake in Sirius XM by 11.1% in the 3rd quarter. Cerity Partners LLC now owns 23,458 shares of the company’s stock valued at $555,000 after buying an additional 2,340 shares in the last quarter. FMR LLC boosted its stake in shares of Sirius XM by 472.6% in the 3rd quarter. FMR LLC now owns 497,514 shares of the company’s stock valued at $11,766,000 after purchasing an additional 410,621 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Sirius XM during the 3rd quarter worth about $921,000. Captrust Financial Advisors boosted its position in Sirius XM by 19.0% in the third quarter. Captrust Financial Advisors now owns 87,834 shares of the company’s stock valued at $2,077,000 after buying an additional 14,036 shares in the last quarter. Finally, Atom Investors LP bought a new stake in Sirius XM during the third quarter worth about $369,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Down 2.6 %

Shares of SIRI stock opened at $21.96 on Wednesday. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month 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 firm has a fifty day moving average of $23.98 and a 200-day moving average of $24.48. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of -3.43, a P/E/G ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last released 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 positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is currently -16.85%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SIRI. Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Rosenblatt Securities lowered their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Morgan Stanley reduced their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Guggenheim dropped their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Six investment 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 currently has a consensus rating of “Hold” and a consensus price target of $26.81.

About Sirius XM

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.