Sirius XM Holdings Inc. (SIRI) Shares Bought by AE Wealth Management LLC
AE Wealth Management LLC lifted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 72.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,579 shares of the company’s stock after purchasing an additional 9,924 shares during the quarter. AE Wealth Management LLC’s holdings in Sirius XM Holdings were worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. lifted its position in shares of Sirius XM Holdings by 0.3% in the second quarter. Capstone Asset Management Co. now owns 65,346 shares of the company’s stock worth $357,000 after purchasing an additional 170 shares in the last quarter. Scotia Capital Inc. raised its position in Sirius XM Holdings by 0.8% during the second quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock valued at $139,000 after acquiring an additional 206 shares in the last quarter. Pitcairn Co. raised its position in Sirius XM Holdings by 1.3% during the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after acquiring an additional 237 shares in the last quarter. GM Advisory Group Inc. raised its position in Sirius XM Holdings by 0.9% during the second quarter. GM Advisory Group Inc. now owns 33,185 shares of the company’s stock valued at $182,000 after acquiring an additional 290 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its position in Sirius XM Holdings by 1.8% during the second quarter. Traynor Capital Management Inc. now owns 32,571 shares of the company’s stock valued at $189,000 after acquiring an additional 564 shares in the last quarter. 20.28% of the stock is owned by institutional investors and hedge funds.
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SIRI has been the topic of several recent research reports. Citigroup Inc. raised their price objective on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a research report on Monday, August 7th. BidaskClub lowered shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $7.00 price target on shares of Sirius XM Holdings and gave the company a “buy” rating in a research report on Thursday, July 27th. Macquarie reissued a “buy” rating and issued a $6.00 price target (up previously from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Finally, Pivotal Research reissued a “buy” rating and issued a $6.25 price target on shares of Sirius XM Holdings in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $6.01.
Sirius XM Holdings Inc. (NASDAQ SIRI) traded up $0.03 during trading on Wednesday, hitting $5.46. The company had a trading volume of 13,265,300 shares, compared to its average volume of 21,734,418. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. Sirius XM Holdings Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $5.89. The company has a market capitalization of $24,955.30, a PE ratio of 30.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13.
Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Sirius XM Holdings had a negative return on equity of 93.51% and a net margin of 16.71%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the business posted $0.04 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. equities analysts predict that Sirius XM Holdings Inc. will post 0.19 EPS for the current fiscal year.
The firm also recently declared 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 represents a $0.04 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, November 8th. Sirius XM Holdings’s payout ratio is currently 22.22%.
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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