New York State Common Retirement Fund Reduces Stake in Sirius XM Holdings Inc.

On March 2, 2025, it was reported that the New York State Common Retirement Fund has reduced its investment in Sirius XM Holdings Inc. (NASDAQ:SIRI) by selling 500 shares during the fourth quarter. This move resulted in the fund holding a total of 133,686 shares in the company. The value of the New York State Common Retirement Fund's stake in Sirius XM now stands at approximately $3,048,000, according to the latest filing with the Securities and Exchange Commission.

Other institutional investors have also been active with their stakes in Sirius XM. For instance, Union Bancaire Privee UBP SA established a new investment in the firm in the fourth quarter, amounting to $26,000. TCTC Holdings LLC also entered a new position in the third quarter, investing $29,000. Geneos Wealth Management Inc. significantly increased its stake in Sirius XM by an impressive 574.9% in the fourth quarter, owning 1,343 shares valued at around $31,000 after acquiring an additional 1,144 shares. Furthermore, Princeton Global Asset Management LLC boosted its stake by 2,683.7% in the third quarter, now holding 1,364 shares worth $32,000 after an increase of 1,315 shares. In addition, Avior Wealth Management LLC raised its stake in the fourth quarter by 670.4%, owning 2,080 shares valued at $47,000 after purchasing 1,810 additional shares. Overall, institutional investors now control approximately 10.69% of Sirius XM's stock.

Sirius XM Stock Performance

The shares of Sirius XM opened at $24.19 on the latest trading day. The company has a quick ratio of 0.42, a current ratio of 0.42, and a debt-to-equity ratio of 0.93. Over the past year, Sirius XM's stock has experienced a low point of $20.47 and a high of $45.00. The company's market capitalization is around $8.19 billion, with a P/E ratio of -3.77 and a P/E/G ratio of 0.79. The stock’s beta stands at 1.06. Currently, Sirius XM has a fifty-day moving average of $23.57 and a 200-day moving average of $25.56.

Sirius XM last reported its earnings on January 30, where the company posted earnings per share (EPS) of $0.83 for the quarter, surpassing analysts' expectations of $0.63 by $0.20. The firm recorded a positive return on equity of 13.44%, but it also indicated a negative net margin of 24.03%. Analysts project that Sirius XM will report an EPS of 3.2 for the current fiscal year.

Sirius XM Dividend Announcement

Recently, Sirius XM declared a quarterly dividend, which was distributed to shareholders on February 25. Those who were on record by February 7 received a dividend payment of $0.27. The ex-dividend date was also February 7. This quarterly payment translates to an annualized dividend of $1.08, resulting in a dividend yield of 4.46%. Currently, Sirius XM's dividend payout ratio is -16.85%.

Analyst Insights on Sirius XM

Several research firms have offered their perspectives on Sirius XM. For example, Rosenblatt Securities reduced their price target from $29.00 to $24.00, maintaining a “neutral” rating on the stock. Wells Fargo & Company lowered their price target from $22.00 to $16.00, issuing an “underweight” rating. Other firms such as Seaport Res Ptn changed Sirius XM's rating from “strong-buy” to “hold.” Meanwhile, JPMorgan Chase & Co. raised their price target from $20.00 to $21.00, also advising an “underweight” rating. Similarly, The Goldman Sachs Group decreased their target from $26.00 to $23.00, remaining at a “neutral” rating. In summary, the stock has received six sell ratings, five hold ratings, and four buy ratings, with an average rating of “Hold” and an average price target of approximately $26.81 based on MarketBeat data.

About Sirius XM Holdings Inc.

Sirius XM Holdings Inc. functions as an audio entertainment provider across North America. The company operates in two main segments: Sirius XM, and Pandora and Off-platform. The Sirius XM segment offers a variety of programming that includes music, sports, entertainment, comedy, talk shows, news, traffic reports, and weather updates. Additionally, they provide podcast and infotainment services through a subscription model, alongside live and exclusive shows streamed to various consumer devices.

investment, SiriusXM, stocks