Legal & General Group Plc grew its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,628,218 shares of the company’s stock after buying an additional 111,962 shares during the quarter. Legal & General Group Plc owned 2.40% of Sirius XM Holdings worth $41,726,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of SIRI. Miracle Mile Advisors LLC grew its stake in Sirius XM Holdings by 1.5% during the 1st quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after purchasing an additional 300 shares in the last quarter. Pitcairn Co. grew its stake in Sirius XM Holdings by 1.3% during the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after purchasing an additional 237 shares in the last quarter. Altfest L J & Co. Inc. acquired a new position in Sirius XM Holdings during the 1st quarter worth $105,000. Advisor Partners LLC boosted its position in shares of Sirius XM Holdings by 103.7% during the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after acquiring an additional 11,938 shares in the last quarter. Finally, TrimTabs Asset Management LLC boosted its position in shares of Sirius XM Holdings by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 25,348 shares of the company’s stock worth $131,000 after acquiring an additional 11,928 shares in the last quarter. 20.42% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on SIRI shares. Vetr cut Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $5.79 price objective for the company. in a research report on Monday, June 19th. Bank of America Corporation reissued a “buy” rating and issued a $5.50 target price on shares of Sirius XM Holdings in a report on Friday, June 16th. Macquarie reissued a “buy” rating and issued a $6.00 target price (up from $5.65) on shares of Sirius XM Holdings in a report on Thursday, July 27th. Piper Jaffray Companies set a $7.00 price objective on Sirius XM Holdings and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, BidaskClub downgraded Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $5.73.
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Shares of Sirius XM Holdings Inc. (SIRI) traded down 3.04% during mid-day trading on Wednesday, hitting $5.42. The stock had a trading volume of 26,878,960 shares. The stock has a market cap of $25.00 billion, a P/E ratio of 31.88 and a beta of 1.08. Sirius XM Holdings Inc. has a 52 week low of $4.05 and a 52 week high of $5.89. The stock has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.28.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.04 EPS. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.
About Sirius XM Holdings
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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