Candriam Luxembourg S.C.A. acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, Holdings Channel reports. The institutional investor acquired 220,440 shares of the company’s stock, valued at approximately $1,206,000.

A number of other large investors have also recently modified their holdings of SIRI. Capstone Asset Management Co. increased its stake in shares of Sirius XM Holdings by 0.3% in the second quarter. Capstone Asset Management Co. now owns 65,346 shares of the company’s stock worth $357,000 after buying an additional 170 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after buying an additional 300 shares during the last quarter. Investment Centers of America Inc. increased its stake in shares of Sirius XM Holdings by 0.9% in the first quarter. Investment Centers of America Inc. now owns 49,651 shares of the company’s stock worth $256,000 after buying an additional 423 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Sirius XM Holdings by 1.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 28,866 shares of the company’s stock worth $149,000 after buying an additional 493 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Sirius XM Holdings by 1.5% in the first quarter. Blair William & Co. IL now owns 38,211 shares of the company’s stock worth $195,000 after buying an additional 551 shares during the last quarter. 22.30% of the stock is owned by institutional investors and hedge funds.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at 5.57 on Friday. Sirius XM Holdings Inc. has a 1-year low of $4.05 and a 1-year high of $5.89. The stock has a market capitalization of $25.69 billion, a PE ratio of 32.76 and a beta of 1.11. The firm has a 50-day moving average of $5.49 and a 200 day moving average of $5.16.

Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Thursday, July 27th. The company reported $0.04 EPS 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts predict that Sirius XM Holdings Inc. will post $0.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.

TRADEMARK VIOLATION NOTICE: “220,440 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Acquired by Candriam Luxembourg S.C.A.” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/220440-shares-in-sirius-xm-holdings-inc-nasdaqsiri-acquired-by-candriam-luxembourg-s-c-a/1480847.html.

A number of equities research analysts have issued reports on the stock. Barclays PLC set a $5.00 price objective on shares of Sirius XM Holdings and gave the stock a “hold” rating in a research report on Sunday, April 30th. Vetr raised shares of Sirius XM Holdings from a “sell” rating to a “hold” rating and set a $5.18 target price for the company in a research report on Tuesday, June 6th. Zacks Investment Research downgraded shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Macquarie reissued a “buy” rating and set a $6.00 target price (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Finally, Bank of America Corporation reissued a “buy” rating and set a $5.50 target price on shares of Sirius XM Holdings in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $5.73.

Sirius XM Holdings Company 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 Holdings (NASDAQ:SIRI)

Receive News & Ratings for Sirius XM Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.