US Bancorp DE lowered its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 146,231 shares of the company’s stock after selling 8,342 shares during the period. US Bancorp DE’s holdings in Sirius XM Holdings were worth $800,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SIRI. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new stake in Sirius XM Holdings during the second quarter valued at $1,094,000. Assenagon Asset Management S.A. bought a new stake in Sirius XM Holdings during the second quarter valued at $242,000. Aperio Group LLC boosted its stake in Sirius XM Holdings by 2.4% in the second quarter. Aperio Group LLC now owns 490,833 shares of the company’s stock valued at $2,685,000 after buying an additional 11,336 shares during the period. Concorde Asset Management LLC boosted its stake in Sirius XM Holdings by 15.2% in the second quarter. Concorde Asset Management LLC now owns 28,589 shares of the company’s stock valued at $156,000 after buying an additional 3,782 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Sirius XM Holdings by 506.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 268,105 shares of the company’s stock valued at $1,467,000 after buying an additional 223,911 shares during the period. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Sirius XM Holdings Inc. (NASDAQ:SIRI) traded up 1.27% during trading on Friday, hitting $5.57. 18,492,509 shares of the company traded hands. The stock has a market capitalization of $25.69 billion, a PE ratio of 32.76 and a beta of 1.11. The company’s 50 day moving average is $5.49 and its 200-day moving average is $5.16. Sirius XM Holdings Inc. has a 52 week low of $4.05 and a 52 week high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. Sirius XM Holdings’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Analysts predict that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current year.

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

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Several research firms have recently weighed in on SIRI. Citigroup Inc. raised their price objective on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the company 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 price objective on the stock 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 cut shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, FBR & Co restated an “outperform” rating and set a $6.00 price objective (up previously from $5.70) on shares of Sirius XM Holdings in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average 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.

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

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