Candriam Luxembourg S.C.A. trimmed its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 50.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,220 shares of the company’s stock after selling 110,220 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Sirius XM were worth $608,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its stake in shares of Sirius XM by 476.2% in 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 in the last quarter. Colony Group LLC acquired a new stake in Sirius XM during the 2nd quarter worth approximately $102,000. Pitcairn Co. boosted its position in Sirius XM by 1.3% during the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the period. Toronto Dominion Bank boosted its position in Sirius XM by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after buying an additional 1,799 shares during the period. Finally, Advisor Partners LLC boosted its position in Sirius XM by 103.7% during the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after buying an additional 11,938 shares during the period. 19.65% of the stock is currently owned by institutional investors and hedge funds.
SIRI has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Sirius XM from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley restated a “buy” rating on shares of Sirius XM in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Thursday, November 2nd. Gabelli lifted their price objective on shares of Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Pivotal Research reiterated a “buy” rating and issued a $6.80 price objective (up previously from $6.25) on shares of Sirius XM in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Sirius XM presently has a consensus rating of “Buy” and an average target price of $6.01.
Shares of Sirius XM Holdings Inc. (NASDAQ SIRI) traded down $0.14 during midday trading on Wednesday, reaching $5.60. 21,147,205 shares of the company’s stock were exchanged, compared to its average volume of 21,567,283. Sirius XM Holdings Inc. has a twelve month low of $4.38 and a twelve month high of $5.89. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. The company has a market capitalization of $25,782.55, a PE ratio of 31.17, a P/E/G ratio of 1.80 and a beta of 1.12.
Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business earned $0.04 earnings per share. sell-side analysts forecast that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th were paid a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Wednesday, November 8th. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio is 22.22%.
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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.
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