Sirius XM Holdings Inc. (SIRI) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 111.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,663 shares of the company’s stock after purchasing an additional 120,508 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sirius XM were worth $1,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of Sirius XM by 27.6% during the fourth quarter. American Century Companies Inc. now owns 44,612,437 shares of the company’s stock valued at $239,123,000 after purchasing an additional 9,657,090 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of Sirius XM by 4.0% during the third quarter. Eagle Asset Management Inc. now owns 13,785,317 shares of the company’s stock valued at $75,819,000 after purchasing an additional 526,766 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Sirius XM by 18.1% during the fourth quarter. APG Asset Management N.V. now owns 13,210,562 shares of the company’s stock valued at $58,968,000 after purchasing an additional 2,024,500 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Sirius XM by 13.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,370,146 shares of the company’s stock valued at $34,143,000 after purchasing an additional 777,414 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Sirius XM by 0.5% during the third quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock valued at $33,375,000 after purchasing an additional 27,200 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on SIRI shares. BidaskClub raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Goldman Sachs Group raised their price objective on shares of Sirius XM from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Monday, February 5th. Morgan Stanley raised their price objective on shares of Sirius XM from $5.35 to $5.50 and gave the company an “underweight” rating in a research note on Monday, February 5th. Buckingham Research raised their price objective on shares of Sirius XM from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Sirius XM from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sirius XM has a consensus rating of “Buy” and a consensus price target of $6.12.

In other news, EVP Patrick L. Donnelly sold 1,374,479 shares of Sirius XM stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the transaction, the executive vice president now directly owns 227,430 shares of the company’s stock, valued at $1,296,351. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Joseph A. Verbrugge sold 863,570 shares of Sirius XM stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.10, for a total transaction of $5,267,777.00. Following the transaction, the executive vice president now directly owns 2,986,689 shares in the company, valued at $18,218,802.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,586,530 shares of company stock worth $15,157,263. Insiders own 1.06% of the company’s stock.

Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $6.11 on Friday. The firm has a market cap of $27,620.00, a price-to-earnings ratio of 43.64, a PEG ratio of 1.72 and a beta of 1.17. Sirius XM Holdings Inc. has a 52-week low of $4.73 and a 52-week high of $6.28. The company has a current ratio of 0.17, a quick ratio of 0.16 and a debt-to-equity ratio of -4.42.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.011 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%. Sirius XM’s dividend payout ratio is 28.57%.

Sirius XM declared that its Board of Directors has authorized a share repurchase program on Tuesday, January 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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About Sirius XM

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.

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

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Sirius XM Holdings Inc. (SIRI) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 111.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 228,663 shares of the company’s stock after buying an additional 120,508 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sirius XM were worth $1,225,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. KBC Group NV increased its stake in Sirius XM by 4.7% in the 4th quarter. KBC Group NV now owns 501,512 shares of the company’s stock valued at $2,688,000 after buying an additional 22,382 shares during the last quarter. Shelton Capital Management increased its stake in Sirius XM by 28.7% in the 4th quarter. Shelton Capital Management now owns 448,560 shares of the company’s stock valued at $2,404,000 after buying an additional 100,000 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Sirius XM by 59.7% in the 4th quarter. Teacher Retirement System of Texas now owns 1,117,545 shares of the company’s stock valued at $5,990,000 after buying an additional 417,681 shares during the last quarter. Alps Advisors Inc. increased its stake in Sirius XM by 21.0% in the 4th quarter. Alps Advisors Inc. now owns 51,956 shares of the company’s stock valued at $278,000 after buying an additional 9,027 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Sirius XM by 27.6% in the 4th quarter. American Century Companies Inc. now owns 44,612,437 shares of the company’s stock valued at $239,123,000 after buying an additional 9,657,090 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Several brokerages have issued reports on SIRI. BidaskClub upgraded shares of Sirius XM from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Goldman Sachs Group lifted their price target on shares of Sirius XM from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Monday, February 5th. Morgan Stanley lifted their price target on shares of Sirius XM from $5.35 to $5.50 and gave the company an “underweight” rating in a research note on Monday, February 5th. Buckingham Research lifted their price target on shares of Sirius XM from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of Sirius XM from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $6.12.

Sirius XM Holdings Inc. (NASDAQ SIRI) opened at $6.11 on Friday. The firm has a market cap of $27,620.00, a PE ratio of 43.64, a PEG ratio of 1.72 and a beta of 1.17. Sirius XM Holdings Inc. has a 52 week low of $4.73 and a 52 week high of $6.28. The company has a debt-to-equity ratio of -4.42, a quick ratio of 0.16 and a current ratio of 0.17.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.011 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.72%. Sirius XM’s dividend payout ratio is presently 28.57%.

Sirius XM announced that its Board of Directors has approved a stock repurchase program on Tuesday, January 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

In other news, CEO James E. Meyer sold 172,704 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total transaction of $980,958.72. Following the transaction, the chief executive officer now directly owns 3,377,085 shares in the company, valued at approximately $19,181,842.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas D. Barry sold 175,777 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.11, for a total transaction of $1,073,997.47. Following the transaction, the vice president now owns 551,815 shares in the company, valued at $3,371,589.65. The disclosure for this sale can be found here. Insiders have sold a total of 2,586,530 shares of company stock worth $15,157,263 over the last 90 days. 1.06% of the stock is owned by company insiders.

WARNING: This report was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/18/sirius-xm-holdings-inc-siri-shares-bought-by-oppenheimer-co-inc.html.

Sirius XM 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.

Want to see what other hedge funds are holding SIRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sirius XM Holdings Inc. (NASDAQ:SIRI).

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

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