Sirius XM Holdings Inc. (SIRI) Stake Boosted by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 423,790 shares of the company’s stock after purchasing an additional 36,867 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sirius XM were worth $2,339,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Macquarie Group Ltd. increased its stake in shares of Sirius XM by 476.2% in the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock valued at $101,000 after purchasing an additional 15,200 shares during the last quarter. Colony Group LLC bought a new position in shares of Sirius XM in the 2nd quarter valued at $102,000. Pitcairn Co. increased its stake in shares of Sirius XM by 1.3% in 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. Toronto Dominion Bank increased its stake in shares of Sirius XM by 9.7% in the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after purchasing an additional 1,799 shares during the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Sirius XM by 103.7% in 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. Institutional investors own 19.63% of the company’s stock.
Shares of Sirius XM Holdings Inc. (SIRI) opened at $5.54 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of -6.41. Sirius XM Holdings Inc. has a twelve month low of $4.22 and a twelve month high of $5.89. The firm has a market capitalization of $25,277.01, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.76 and a beta of 1.12.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the business posted $0.04 EPS. Sirius XM’s revenue for the quarter was up 8.0% on a year-over-year basis. research analysts forecast that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were issued a dividend of $0.011 per share. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, November 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.79%. Sirius XM’s dividend payout ratio (DPR) is 22.22%.
Several equities analysts have recently issued reports on SIRI shares. Zacks Investment Research lowered Sirius XM from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Citigroup lifted their price target on Sirius XM from $5.50 to $6.65 and gave the company a “buy” rating in a research note on Monday, August 7th. Vetr upgraded Sirius XM from a “buy” rating to a “strong-buy” rating and set a $6.31 price target on the stock in a research note on Monday, August 7th. Royal Bank Of Canada reiterated a “hold” rating and issued a $6.00 price target on shares of Sirius XM in a research note on Wednesday, October 18th. Finally, Bank of America set a $7.00 price target on Sirius XM and gave the company a “buy” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Sirius XM currently has an average rating of “Buy” and an average price target of $6.01.
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Sirius XM 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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