Sirius XM Holdings Inc. (SIRI) Stake Raised by IFP Advisors Inc
IFP Advisors Inc raised its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 108,920 shares of the company’s stock after buying an additional 7,375 shares during the period. IFP Advisors Inc’s holdings in Sirius XM Holdings were worth $596,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of SIRI. Janney Montgomery Scott LLC raised its position in shares of Sirius XM Holdings by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 71,552 shares of the company’s stock worth $368,000 after buying an additional 2,664 shares during the period. UBS Group AG raised its position in shares of Sirius XM Holdings by 12.1% in the first quarter. UBS Group AG now owns 1,114,285 shares of the company’s stock worth $5,739,000 after buying an additional 119,915 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Sirius XM Holdings by 220.0% in the first quarter. Daiwa Securities Group Inc. now owns 164,500 shares of the company’s stock worth $847,000 after buying an additional 113,100 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Sirius XM Holdings by 14.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 4,545,321 shares of the company’s stock worth $24,863,000 after buying an additional 577,179 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sirius XM Holdings during the first quarter worth about $770,000. 22.30% of the stock is owned by institutional investors and hedge funds.
Shares of Sirius XM Holdings Inc. (NASDAQ SIRI) opened at 5.57 on Friday. The stock has a 50 day moving average price of $5.49 and a 200-day moving average price of $5.16. The stock has a market cap of $25.69 billion, a price-to-earnings ratio of 32.76 and a beta of 1.11. Sirius XM Holdings Inc. has a 12-month low of $4.05 and a 12-month high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business earned $0.04 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio (DPR) is 25.00%.
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A number of equities analysts recently issued reports on SIRI shares. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.28 price objective for the company in a report on Tuesday, June 20th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Morgan Stanley lowered Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 price target for the company. in a research note on Wednesday, April 19th. Piper Jaffray Companies set a $7.00 price target on Sirius XM Holdings and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. increased their price target on Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price 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.
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