Robeco Institutional Asset Management B.V. held its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the third quarter, Holdings Channel reports. The institutional investor owned 6,326,180 shares of the company’s stock at the end of the third quarter. Robeco Institutional Asset Management B.V.’s holdings in Sirius XM Holdings were worth $26,381,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new stake in Sirius XM Holdings during the second quarter valued at $102,000. Global X Management Co. LLC increased its stake in Sirius XM Holdings by 161.9% in the second quarter. Global X Management Co. LLC now owns 27,504 shares of the company’s stock valued at $109,000 after buying an additional 17,001 shares during the period. BOKF NA increased its stake in Sirius XM Holdings by 0.6% in the second quarter. BOKF NA now owns 28,455 shares of the company’s stock valued at $113,000 after buying an additional 166 shares during the period. Mizuho Asset Management Co. Ltd. increased its stake in Sirius XM Holdings by 93.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 29,315 shares of the company’s stock valued at $116,000 after buying an additional 14,195 shares during the period. Finally, Wade G W & Inc. increased its stake in Sirius XM Holdings by 43.7% in the third quarter. Wade G W & Inc. now owns 31,348 shares of the company’s stock valued at $131,000 after buying an additional 9,533 shares during the period. 22.64% of the stock is currently owned by institutional investors.

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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) traded up 1.32% during midday trading on Tuesday, hitting $4.60. 6,272,963 shares of the company were exchanged. Sirius XM Holdings Inc. has a 52-week low of $3.29 and a 52-week high of $4.65. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 35.66 and a beta of 1.24. The company has a 50-day moving average price of $4.28 and a 200-day moving average price of $4.14.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a net margin of 13.70% and a negative return on equity of 133.77%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm posted $0.03 EPS. Sirius XM Holdings’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts forecast that Sirius XM Holdings Inc. will post $0.15 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 9th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $0.04 annualized dividend and a dividend yield of 0.87%. Sirius XM Holdings’s payout ratio is currently 30.77%.

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Several research firms have recently commented on SIRI. Macquarie reaffirmed an “outperform” rating and issued a $4.85 price objective on shares of Sirius XM Holdings in a report on Friday, September 23rd. BTIG Research began coverage on shares of Sirius XM Holdings in a report on Tuesday, November 22nd. They issued a “neutral” rating on the stock. Zacks Investment Research raised shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a report on Tuesday, October 4th. JPMorgan Chase & Co. began coverage on shares of Sirius XM Holdings in a report on Monday, September 26th. They issued a “neutral” rating on the stock. Finally, Wunderlich reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Sirius XM Holdings in a report on Sunday, September 4th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Sirius XM Holdings currently has a consensus rating of “Buy” and an average target price of $4.84.

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.

5 Day Chart for NASDAQ:SIRI

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