World Asset Management Inc cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,983 shares of the company’s stock after selling 7,119 shares during the period. World Asset Management Inc’s holdings in Sirius XM Holdings were worth $388,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SIRI. BlackRock Inc. increased its stake in shares of Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock valued at $422,980,000 after buying an additional 79,871,880 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Sirius XM Holdings during the first quarter valued at $55,871,000. Acadian Asset Management LLC purchased a new stake in shares of Sirius XM Holdings during the first quarter valued at $29,739,000. Credit Agricole S A increased its stake in shares of Sirius XM Holdings by 641.1% in the first quarter. Credit Agricole S A now owns 6,219,924 shares of the company’s stock valued at $32,032,000 after buying an additional 5,380,619 shares during the period. Finally, FMR LLC increased its stake in shares of Sirius XM Holdings by 12.8% in the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock valued at $216,105,000 after buying an additional 4,772,837 shares during the period. Institutional investors own 22.30% of the company’s stock.

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

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, meeting 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 business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts predict that Sirius XM Holdings Inc. will post $0.18 earnings per share 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 is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is 25.00%.

COPYRIGHT VIOLATION WARNING: “Sirius XM Holdings Inc. (NASDAQ:SIRI) Position Cut by World Asset Management Inc” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.watchlistnews.com/sirius-xm-holdings-inc-nasdaqsiri-position-cut-by-world-asset-management-inc/1480728.html.

SIRI has been the subject of several recent analyst reports. Vetr upgraded 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. Morgan Stanley downgraded shares of Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 target price for the company. in a research note on Wednesday, April 19th. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the company 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. Finally, Barclays PLC restated an “underweight” rating and issued a $4.50 target price (down from $4.90) on shares of Sirius XM Holdings in a research note on Monday, May 1st. One 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 stock. The company has a consensus rating of “Buy” and a consensus 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.

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.