Sirius XM Holdings Inc. (SIRI) Shares Bought by Advisor Group Inc.
Advisor Group Inc. increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 34.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 126,296 shares of the company’s stock after buying an additional 32,233 shares during the quarter. Advisor Group Inc.’s holdings in Sirius XM Holdings were worth $691,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Pitcairn Co. increased its holdings 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 position in Sirius XM Holdings by 103.7% in the second quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after acquiring an additional 11,938 shares during the period. RFG Advisory Group LLC bought a new stake in Sirius XM Holdings in the second quarter worth about $136,000. Ballentine Partners LLC bought a new stake in Sirius XM Holdings in the second quarter worth about $143,000. Finally, Dynamic Technology Lab Private Ltd raised its position 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 worth $149,000 after acquiring an additional 493 shares during the period. Institutional investors own 20.31% of the company’s stock.
Shares of Sirius XM Holdings Inc. (SIRI) opened at 5.60 on Wednesday. The company’s 50-day moving average price is $5.55 and its 200-day moving average price is $5.31. The stock has a market cap of $25.83 billion, a PE ratio of 32.94 and a beta of 1.07. Sirius XM Holdings Inc. has a one year low of $4.05 and a one year high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. Sirius XM Holdings’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 EPS. Equities research analysts anticipate 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, November 30th. Investors of record on Thursday, November 9th will be issued a $0.011 dividend. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 dividend on an annualized basis and a yield of 0.79%. Sirius XM Holdings’s dividend payout ratio (DPR) is currently 25.00%.
A number of research analysts have recently weighed in on the stock. Vetr raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.28 target price for the company in a research report on Tuesday, June 20th. KeyCorp reaffirmed a “hold” rating on shares of Sirius XM Holdings in a report on Friday, August 25th. Zacks Investment Research cut shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. BidaskClub raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Finally, Piper Jaffray Companies set a $7.00 price objective on Sirius XM Holdings and gave the company a “buy” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $5.75.
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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.
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