Nisa Investment Advisors LLC increased its holdings in Sirius XM Holdings Inc (NASDAQ:SIRI) by 9.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,710 shares of the company’s stock after buying an additional 27,524 shares during the period. Nisa Investment Advisors LLC’s holdings in Sirius XM were worth $1,953,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Royal Bank of Canada increased its position in shares of Sirius XM by 5.8% during the first quarter. Royal Bank of Canada now owns 425,688 shares of the company’s stock worth $2,104,000 after purchasing an additional 23,507 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Sirius XM by 3.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,356,391 shares of the company’s stock worth $6,700,000 after purchasing an additional 47,693 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in shares of Sirius XM during the first quarter worth $1,393,000. Gateway Investment Advisers LLC increased its position in shares of Sirius XM by 73.1% during the first quarter. Gateway Investment Advisers LLC now owns 1,074,038 shares of the company’s stock worth $5,306,000 after purchasing an additional 453,509 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Sirius XM by 254.8% during the first quarter. Janus Henderson Group PLC now owns 4,849,281 shares of the company’s stock worth $23,954,000 after purchasing an additional 3,482,707 shares in the last quarter. 18.46% of the stock is owned by institutional investors.
Shares of NASDAQ SIRI opened at $5.88 on Friday. The company has a 50 day simple moving average of $5.85 and a 200-day simple moving average of $6.00. The company has a market capitalization of $25.75 billion, a P/E ratio of 26.73, a P/E/G ratio of 1.70 and a beta of 1.19. Sirius XM Holdings Inc has a 1 year low of $4.11 and a 1 year high of $7.40.
Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sirius XM had a net margin of 12.98% and a negative return on equity of 141.29%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. As a group, equities research analysts forecast that Sirius XM Holdings Inc will post 0.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.0133 per share. The ex-dividend date is Thursday, August 6th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.91%. Sirius XM’s dividend payout ratio is currently 25.00%.
Several research firms recently issued reports on SIRI. B. Riley upped their target price on Sirius XM from $7.00 to $7.25 and gave the company a “buy” rating in a research report on Thursday, April 30th. Pivotal Research reissued a “buy” rating and issued a $7.50 target price on shares of Sirius XM in a research report on Thursday. Barclays cut their target price 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. Royal Bank of Canada reaffirmed a “hold” rating and issued a $6.00 price target on shares of Sirius XM in a report on Thursday, April 30th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $7.50 price target on shares of Sirius XM in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.08.
In other news, Director Gregory B. Maffei sold 84,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $5.60, for a total transaction of $474,600.00. Following the completion of the sale, the director now owns 515,610 shares in the company, valued at approximately $2,887,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.93% of the stock is owned by company insiders.
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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