USA Financial Portformulas Corp increased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 554,756 shares of the company’s stock after purchasing an additional 16,431 shares during the quarter. USA Financial Portformulas Corp’s holdings in Sirius XM Holdings were worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in shares of Sirius XM Holdings by 0.3% in the second quarter. Capstone Asset Management Co. now owns 65,346 shares of the company’s stock valued at $357,000 after purchasing an additional 170 shares during the period. Scotia Capital Inc. boosted its stake in shares of Sirius XM Holdings by 0.8% in the second quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock valued at $139,000 after purchasing an additional 206 shares during the period. Pitcairn Co. boosted its stake in shares of Sirius XM Holdings by 1.3% in the second 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 period. GM Advisory Group Inc. boosted its stake in shares of Sirius XM Holdings by 0.9% in the second quarter. GM Advisory Group Inc. now owns 33,185 shares of the company’s stock valued at $182,000 after purchasing an additional 290 shares during the period. Finally, Traynor Capital Management Inc. boosted its stake in shares of Sirius XM Holdings by 1.8% in the second quarter. Traynor Capital Management Inc. now owns 32,571 shares of the company’s stock valued at $189,000 after purchasing an additional 564 shares during the period. Institutional investors and hedge funds own 20.42% of the company’s stock.

Shares of Sirius XM Holdings Inc. (SIRI) remained flat at $$5.34 on Wednesday. 661,362 shares of the company were exchanged, compared to its average volume of 16,524,350. The stock has a market cap of $24,587.63, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. Sirius XM Holdings Inc. has a 1-year low of $4.13 and a 1-year high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Sirius XM Holdings had a net margin of 16.71% and a negative return on equity of 93.51%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. analysts anticipate that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a $0.011 dividend. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, November 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.82%. Sirius XM Holdings’s dividend payout ratio (DPR) is currently 22.22%.

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SIRI has been the subject of several analyst reports. KeyCorp restated a “hold” rating on shares of Sirius XM Holdings in a research note on Friday, August 25th. Zacks Investment Research downgraded shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Gabelli increased their price objective on shares of Sirius XM Holdings from $4.75 to $6.10 and gave the company a “buy” rating in a research note on Thursday, October 26th. Piper Jaffray Companies set a $7.00 price objective on shares of Sirius XM Holdings and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Vetr upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.06 price objective on the stock in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Sirius XM Holdings has an average rating of “Buy” and an average target price of $6.01.

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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