CIBC Asset Management Inc increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 364,563 shares of the company’s stock after buying an additional 12,369 shares during the period. CIBC Asset Management Inc’s holdings in Sirius XM Holdings were worth $1,994,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock valued at $422,980,000 after buying an additional 79,871,880 shares during the period. FMR LLC boosted its position in shares of Sirius XM Holdings by 12.8% in the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock valued at $216,105,000 after buying an additional 4,772,837 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Sirius XM Holdings by 8.6% in the first quarter. Geode Capital Management LLC now owns 14,647,919 shares of the company’s stock valued at $75,412,000 after buying an additional 1,159,420 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Sirius XM Holdings by 27.8% in the first quarter. Bank of New York Mellon Corp now owns 12,852,072 shares of the company’s stock valued at $66,189,000 after buying an additional 2,792,456 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in shares of Sirius XM Holdings during the first quarter valued at approximately $55,871,000. 22.18% of the stock is currently owned by hedge funds and other institutional investors.
Sirius XM Holdings Inc. (NASDAQ:SIRI) traded up 0.18% during midday trading on Friday, reaching $5.49. 12,530,064 shares of the company’s stock were exchanged. The company has a market cap of $25.33 billion, a P/E ratio of 32.29 and a beta of 1.11. Sirius XM Holdings Inc. has a 12 month low of $4.05 and a 12 month high of $5.89. The company has a 50 day moving average price of $5.52 and a 200 day moving average price of $5.19.
Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share. On average, equities analysts anticipate that Sirius XM Holdings Inc. will post $0.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be paid a $0.01 dividend. 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 payout ratio is presently 25.00%.
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Several equities analysts recently weighed in on SIRI shares. Barclays PLC set a $5.00 price objective on shares of Sirius XM Holdings and gave the company a “hold” rating in a research report on Sunday, April 30th. Citigroup Inc. raised their price objective on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a research report on Monday, August 7th. FBR & Co reaffirmed an “outperform” rating and set a $6.00 price objective (up previously from $5.70) on shares of Sirius XM Holdings in a research report on Sunday, July 30th. Vetr lowered shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 price objective on the stock. in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $5.73.
Sirius XM Holdings Company Profile
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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