Great West Life Assurance Co. Can boosted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 106.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,986,934 shares of the company’s stock after buying an additional 1,023,137 shares during the period. Great West Life Assurance Co. Can’s holdings in Sirius XM Holdings were worth $10,840,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SIRI. Capstone Asset Management Co. increased its stake in Sirius XM Holdings by 0.3% in the second quarter. Capstone Asset Management Co. now owns 65,346 shares of the company’s stock valued at $357,000 after buying an additional 170 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock valued at $102,000 after buying an additional 300 shares during the last quarter. Investment Centers of America Inc. increased its stake in 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 valued at $256,000 after buying an additional 423 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in 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 valued at $149,000 after buying an additional 493 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Sirius XM Holdings by 1.5% in the first quarter. Blair William & Co. IL now owns 38,211 shares of the company’s stock valued at $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 5.55 on Thursday. Sirius XM Holdings Inc. has a 1-year low of $4.05 and a 1-year high of $5.89. The firm’s 50-day moving average price is $5.47 and its 200 day moving average price is $5.15. The stock has a market capitalization of $25.60 billion, a P/E ratio of 32.65 and a beta of 1.11.

Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 analysts’ expectations of $1.32 billion. During the same quarter last year, the company posted $0.04 earnings per share. Sirius XM Holdings’s revenue was up 9.1% on a year-over-year basis. Analysts expect that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.72%. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.

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Several analysts have recently weighed in on the company. Barclays PLC set a $5.00 target price on Sirius XM Holdings and gave the company a “hold” rating in a report on Sunday, April 30th. Vetr raised Sirius XM Holdings from a “sell” rating to a “hold” rating and set a $5.18 target price for the company in a report on Tuesday, June 6th. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. 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. Finally, 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. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $5.73.

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

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