Sirius XM Holdings Inc. (SIRI) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group reduced its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 806,190 shares of the company’s stock after selling 179,629 shares during the quarter. Schroder Investment Management Group’s holdings in Sirius XM Holdings were worth $4,321,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in SIRI. Miracle Mile Advisors LLC raised its stake in Sirius XM Holdings by 1.5% during the 1st quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock valued at $102,000 after purchasing an additional 300 shares during the last quarter. Pitcairn Co. raised its stake in Sirius XM Holdings by 1.3% during the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after purchasing an additional 237 shares during the last quarter. Advisor Partners LLC raised its stake in Sirius XM Holdings by 103.7% during the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock valued at $128,000 after purchasing an additional 11,938 shares during the last quarter. RFG Advisory Group LLC acquired a new position in Sirius XM Holdings during the 2nd quarter valued at $136,000. Finally, Ballentine Partners LLC acquired a new position in Sirius XM Holdings during the 2nd quarter valued at $143,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.
Several research firms recently commented on SIRI. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the company a “buy” rating in a research note on Thursday, July 27th. BidaskClub lowered shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Vetr lowered shares of Sirius XM Holdings from a “strong-buy” rating to a “hold” rating and set a $6.06 price target on the stock. in a report on Monday, July 31st. Pivotal Research reissued a “buy” rating and issued a $6.25 price target on shares of Sirius XM Holdings in a report on Sunday, July 30th. Finally, FBR & Co reissued an “outperform” rating and issued a $6.00 price target (up previously from $5.70) on shares of Sirius XM Holdings in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.75.
Shares of Sirius XM Holdings Inc. (SIRI) opened at 5.47 on Wednesday. Sirius XM Holdings Inc. has a 12-month low of $4.05 and a 12-month high of $5.89. The stock has a 50 day moving average of $5.58 and a 200 day moving average of $5.29. The company has a market cap of $25.23 billion, a price-to-earnings ratio of 32.18 and a beta of 1.08.
Sirius XM Holdings (NASDAQ:SIRI) last posted its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm earned $0.04 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 10th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, August 8th. Sirius XM Holdings’s payout ratio is currently 25.00%.
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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