Traynor Capital Management Inc. increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 32,571 shares of the company’s stock after buying an additional 564 shares during the period. Traynor Capital Management Inc.’s holdings in Sirius XM Holdings were worth $189,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SIRI. DekaBank Deutsche Girozentrale raised its position in shares of Sirius XM Holdings by 19.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 219,965 shares of the company’s stock valued at $1,226,000 after buying an additional 35,107 shares during the period. First Trust Advisors LP raised its position in shares of Sirius XM Holdings by 18.7% in the second quarter. First Trust Advisors LP now owns 4,578,021 shares of the company’s stock valued at $25,042,000 after buying an additional 721,370 shares during the period. National Planning Corp raised its position in shares of Sirius XM Holdings by 4.3% in the second quarter. National Planning Corp now owns 75,007 shares of the company’s stock valued at $404,000 after buying an additional 3,074 shares during the period. Boston Partners bought a new position in shares of Sirius XM Holdings during the second quarter valued at about $2,478,000. Finally, Wetherby Asset Management Inc. raised its position in shares of Sirius XM Holdings by 1.6% in the second quarter. Wetherby Asset Management Inc. now owns 44,989 shares of the company’s stock valued at $246,000 after buying an additional 708 shares during the period. Institutional investors own 22.30% of the company’s stock.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at 5.57 on Friday. The company has a market capitalization of $25.69 billion, a P/E ratio of 32.76 and a beta of 1.11. Sirius XM Holdings Inc. has a 1-year low of $4.05 and a 1-year high of $5.89. The firm has a 50-day moving average of $5.49 and a 200 day moving average of $5.16.

Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $0.04 EPS. The business’s revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Sirius XM Holdings Inc. will post $0.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%. Sirius XM Holdings’s payout ratio is currently 25.00%.

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Several research analysts recently issued reports on the stock. Citigroup Inc. upped their target price on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the stock a “buy” rating in a research report on Monday, August 7th. Vetr upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 target price for the company in a research report on Monday, August 7th. BidaskClub upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, FBR & Co reiterated an “outperform” rating and issued a $6.00 target price (up from $5.70) on shares of Sirius XM Holdings in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $5.73.

About Sirius XM Holdings

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

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