First Manhattan Co. held its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,244 shares of the company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Sirius XM Holdings were worth $214,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in Sirius XM Holdings by 3.5% in the second quarter. CIBC Asset Management Inc now owns 364,563 shares of the company’s stock valued at $1,994,000 after buying an additional 12,369 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Sirius XM Holdings by 106.2% in the second quarter. Great West Life Assurance Co. Can now owns 1,986,934 shares of the company’s stock valued at $10,840,000 after buying an additional 1,023,137 shares during the period. IBM Retirement Fund increased its position in shares of Sirius XM Holdings by 81.9% in the second quarter. IBM Retirement Fund now owns 36,303 shares of the company’s stock valued at $221,000 after buying an additional 16,341 shares during the period. Shell Asset Management Co. increased its position in shares of Sirius XM Holdings by 0.5% in the second quarter. Shell Asset Management Co. now owns 146,142 shares of the company’s stock valued at $799,000 after buying an additional 705 shares during the period. Finally, ING Groep NV bought a new position in shares of Sirius XM Holdings during the second quarter valued at about $3,658,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Shares of Sirius XM Holdings Inc. (SIRI) opened at 5.50 on Friday. Sirius XM Holdings Inc. has a 12-month low of $4.05 and a 12-month high of $5.89. The firm has a market capitalization of $25.37 billion, a P/E ratio of 32.35 and a beta of 1.11. The company has a 50-day moving average price of $5.48 and a 200-day moving average price of $5.15.

Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. Equities analysts predict that Sirius XM Holdings Inc. will post $0.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is presently 25.00%.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://www.dailypolitical.com/2017/08/11/first-manhattan-co-has-214000-position-in-sirius-xm-holdings-inc-nasdaqsiri.html.

Several brokerages have recently issued reports on SIRI. Citigroup Inc. upped their price target on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the stock a “buy” rating in a report on Monday. Vetr upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price target for the company in a report on Monday. BidaskClub upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, FBR & Co reiterated an “outperform” rating and set a $6.00 price target (up from $5.70) on shares of Sirius XM Holdings in a report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Sirius XM Holdings presently has a consensus rating of “Buy” and an average price target of $5.73.

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.

Want to see what other hedge funds are holding SIRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sirius XM Holdings Inc. (NASDAQ:SIRI).

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

Receive News & Ratings for Sirius XM Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.