Swiss National Bank Raises Position in Sirius XM Holdings Inc. (SIRI)

Swiss National Bank raised its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,046,258 shares of the company’s stock after acquiring an additional 27,200 shares during the quarter. Swiss National Bank owned approximately 131,559.94% of Sirius XM Holdings worth $33,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Macquarie Group Ltd. raised its position in shares of Sirius XM Holdings by 476.2% during the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock valued at $101,000 after purchasing an additional 15,200 shares during the period. Pitcairn Co. boosted its stake in shares of 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 during the period. Colony Group LLC purchased a new position in shares of Sirius XM Holdings during the 2nd quarter worth about $102,000. Toronto Dominion Bank boosted its stake in shares of Sirius XM Holdings by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after purchasing an additional 1,799 shares during the period. Finally, Advisor Partners LLC boosted its position in Sirius XM Holdings by 103.7% in the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock valued at $128,000 after buying an additional 11,938 shares during the period. Institutional investors and hedge funds own 20.36% of the company’s stock.

Shares of Sirius XM Holdings Inc. (SIRI) opened at $5.40 on Friday. The company has a market cap of $24,725.51, a price-to-earnings ratio of 29.89, a PEG ratio of 1.72 and a beta of 1.13. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. Sirius XM Holdings Inc. has a twelve month low of $4.22 and a twelve month high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM Holdings had a net margin of 16.71% and a negative return on equity of 93.51%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS. sell-side analysts predict that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a $0.011 dividend. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 8th. Sirius XM Holdings’s dividend payout ratio is 22.22%.

Several brokerages have recently weighed in on SIRI. Macquarie reaffirmed a “buy” rating and issued a $6.00 price target (up previously from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Gabelli boosted their price objective on shares of Sirius XM Holdings from $4.75 to $6.10 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Vetr upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.06 price objective for the company in a research note on Monday, July 24th. Finally, Royal Bank Of Canada began coverage on shares of Sirius XM Holdings in a research note on Friday, September 15th. They set a “sector perform” rating and a $6.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Sirius XM Holdings presently has a consensus rating of “Buy” and an average target price of $6.01.

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

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