Great West Life Assurance Co. Can trimmed its holdings in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 5.9% in the third quarter, Holdings Channel reports. The firm owned 1,700,165 shares of the company’s stock after selling 106,533 shares during the period. Great West Life Assurance Co. Can’s holdings in Sirius XM were worth $10,756,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BTR Capital Management Inc. acquired a new stake in shares of Sirius XM during the 3rd quarter worth about $104,000. Burney Co. acquired a new position in Sirius XM in the 2nd quarter valued at about $108,000. OppenheimerFunds Inc. acquired a new position in Sirius XM in the 2nd quarter valued at about $109,000. Verition Fund Management LLC acquired a new position in Sirius XM in the 2nd quarter valued at about $111,000. Finally, Fort L.P. acquired a new position in Sirius XM in the 2nd quarter valued at about $116,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

NASDAQ SIRI opened at $6.35 on Friday. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.58 and a beta of 1.06. Sirius XM Holdings Inc has a 1-year low of $5.17 and a 1-year high of $7.70.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Sirius XM had a negative return on equity of 78.49% and a net margin of 15.64%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Equities research analysts anticipate that Sirius XM Holdings Inc will post 0.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 9th were paid a $0.0121 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, November 8th. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio (DPR) is presently 25.00%.

Several research firms have weighed in on SIRI. Zacks Investment Research downgraded Sirius XM from a “buy” rating to a “hold” rating in a research report on Thursday. Pivotal Research reaffirmed a “hold” rating and issued a $7.00 target price on shares of Sirius XM in a research report on Wednesday, October 24th. ValuEngine downgraded Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. BidaskClub raised Sirius XM from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $7.50 target price (down from $8.50) on shares of Sirius XM in a research report on Tuesday, September 25th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Sirius XM has an average rating of “Hold” and a consensus price target of $6.85.

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Sirius XM Profile

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

Further Reading: The Discount Rate – What You Need to Know

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

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