Great Lakes Advisors LLC decreased its stake in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 5.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 118,139 shares of the company’s stock after selling 6,336 shares during the period. Great Lakes Advisors LLC’s holdings in Sirius XM were worth $747,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Sirius XM by 5.7% during the 2nd quarter. BlackRock Inc. now owns 78,163,054 shares of the company’s stock worth $529,167,000 after purchasing an additional 4,249,152 shares in the last quarter. FMR LLC lifted its holdings in Sirius XM by 8.8% during the 2nd quarter. FMR LLC now owns 52,096,871 shares of the company’s stock worth $352,695,000 after purchasing an additional 4,200,422 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Sirius XM by 2.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 16,900,331 shares of the company’s stock worth $114,415,000 after purchasing an additional 365,343 shares in the last quarter. Carillon Tower Advisers Inc. lifted its holdings in Sirius XM by 9.0% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 12,755,822 shares of the company’s stock worth $80,616,000 after purchasing an additional 1,058,115 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Sirius XM by 107.0% during the 3rd quarter. Renaissance Technologies LLC now owns 8,506,500 shares of the company’s stock worth $53,761,000 after purchasing an additional 4,396,500 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on SIRI. Zacks Investment Research cut Sirius XM from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub raised Sirius XM from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Pivotal Research reaffirmed a “hold” rating and issued a $7.00 price target on shares of Sirius XM in a report on Wednesday, October 24th. MKM Partners raised their price target on Sirius XM from $8.00 to $9.15 and gave the company a “neutral” rating in a report on Thursday, September 27th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $7.50 price target (down previously from $8.50) on shares of Sirius XM in a report on Tuesday, September 25th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $6.85.
NASDAQ:SIRI opened at $6.22 on Friday. Sirius XM Holdings Inc has a twelve month low of $5.17 and a twelve month high of $7.70. The stock has a market capitalization of $28.52 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Wednesday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Sirius XM had a negative return on equity of 78.49% and a net margin of 15.64%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm posted $0.06 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Sirius XM Holdings Inc will post 0.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 9th were issued a $0.0121 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.05 annualized dividend and a dividend yield of 0.78%. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio (DPR) is presently 25.00%.
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Sirius XM Company Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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