Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,054,849 shares of the company’s stock after selling 48,770 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sirius XM were worth $6,192,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bartlett & Co. LLC bought a new position in Sirius XM during the 1st quarter worth approximately $25,000. First Horizon Advisors Inc. grew its position in Sirius XM by 45.5% during the 1st quarter. First Horizon Advisors Inc. now owns 6,538 shares of the company’s stock worth $32,000 after acquiring an additional 2,043 shares during the last quarter. Westside Investment Management Inc. bought a new position in Sirius XM during the 1st quarter worth approximately $35,000. CENTRAL TRUST Co grew its position in Sirius XM by 83.9% during the 1st quarter. CENTRAL TRUST Co now owns 7,890 shares of the company’s stock worth $39,000 after acquiring an additional 3,600 shares during the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. grew its position in Sirius XM by 9,453.3% during the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 8,789 shares of the company’s stock worth $43,000 after acquiring an additional 8,697 shares during the last quarter. Hedge funds and other institutional investors own 18.46% of the company’s stock.

Sirius XM stock opened at $5.88 on Friday. The firm has a market cap of $25.75 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.71 and a beta of 1.19. The stock has a fifty day simple moving average of $5.85 and a two-hundred day simple moving average of $6.00. Sirius XM Holdings Inc has a 12 month low of $4.11 and a 12 month high of $7.40.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. Sirius XM had a negative return on equity of 153.53% and a net margin of 13.06%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. On average, research analysts expect that Sirius XM Holdings Inc will post 0.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 7th will be issued a $0.0133 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 6th. Sirius XM’s payout ratio is currently 25.00%.

In related news, Director Gregory B. Maffei sold 84,750 shares of Sirius XM stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $5.60, for a total value of $474,600.00. Following the completion of the sale, the director now owns 515,610 shares of the company’s stock, valued at $2,887,416. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.93% of the company’s stock.

SIRI has been the topic of a number of recent analyst reports. BidaskClub lowered Sirius XM from a “hold” rating to a “sell” rating in a research report on Wednesday, July 22nd. Morgan Stanley lifted their price objective on Sirius XM from $6.25 to $6.75 and gave the stock an “equal weight” rating in a research report on Monday, June 15th. Pivotal Research reiterated a “buy” rating and issued a $7.50 price objective on shares of Sirius XM in a research report on Thursday. Barclays cut their price objective on Sirius XM from $5.50 to $4.50 and set an “underweight” rating on the stock in a research report on Thursday, April 9th. Finally, Deutsche Bank raised their target price on Sirius XM from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Sirius XM presently has an average rating of “Hold” and an average price target of $7.08.

Sirius XM Profile

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, 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.

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

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