66,942 Shares in Sirius XM Holdings Inc. (SIRI) Purchased by CNH Partners LLC
CNH Partners LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 66,942 shares of the company’s stock, valued at approximately $366,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SIRI. Macquarie Group Ltd. raised its stake in Sirius XM Holdings by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after buying an additional 15,200 shares during the last quarter. Pitcairn Co. raised its stake in Sirius XM Holdings by 1.3% during the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the last quarter. Advisor Partners LLC raised its stake in Sirius XM Holdings by 103.7% during the second 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 last quarter. RFG Advisory Group LLC bought a new position in Sirius XM Holdings during the second quarter worth $136,000. Finally, Ballentine Partners LLC bought a new position in Sirius XM Holdings during the second quarter worth $143,000. 20.31% of the stock is owned by institutional investors and hedge funds.
SIRI has been the subject of a number of analyst reports. Vetr raised shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $5.79 target price for the company in a research note on Monday, June 12th. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada initiated 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 target price for the company. Finally, Macquarie reissued a “buy” rating and set a $6.00 target price (up previously from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $5.83.
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Sirius XM Holdings Inc. (NASDAQ SIRI) traded down 0.17% during midday trading on Tuesday, reaching $5.71. 980,191 shares of the company’s stock traded hands. The stock has a market cap of $26.34 billion, a P/E ratio of 33.59 and a beta of 1.07. Sirius XM Holdings Inc. has a 52-week low of $4.05 and a 52-week high of $5.89. The company’s 50-day moving average price is $5.57 and its 200-day moving average price is $5.33.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ 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 analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $0.04 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts predict that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be issued a $0.011 dividend. The ex-dividend date is Wednesday, November 8th. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a yield of 0.77%. Sirius XM Holdings’s dividend payout ratio is 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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