Investment Centers of America Inc. increased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,651 shares of the company’s stock after buying an additional 423 shares during the period. Investment Centers of America Inc.’s holdings in Sirius XM Holdings were worth $256,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock worth $422,980,000 after buying an additional 79,871,880 shares during the period. FMR LLC increased its stake in shares of Sirius XM Holdings by 12.8% in the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock worth $216,105,000 after buying an additional 4,772,837 shares during the period. Norges Bank acquired a new stake in shares of Sirius XM Holdings during the fourth quarter worth about $94,189,000. Geode Capital Management LLC increased its stake in shares of Sirius XM Holdings by 8.6% in the first quarter. Geode Capital Management LLC now owns 14,647,919 shares of the company’s stock worth $75,412,000 after buying an additional 1,159,420 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Sirius XM Holdings by 27.8% in the first quarter. Bank of New York Mellon Corp now owns 12,852,072 shares of the company’s stock worth $66,189,000 after buying an additional 2,792,456 shares during the period. Hedge funds and other institutional investors own 22.20% of the company’s stock.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) traded down 1.15% during trading on Tuesday, reaching $5.18. The company had a trading volume of 23,503,650 shares. The stock has a 50 day moving average of $5.07 and a 200 day moving average of $4.92. Sirius XM Holdings Inc. has a 52-week low of $3.74 and a 52-week high of $5.53. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of 32.38 and a beta of 1.07.
Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, April 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.24% and a negative return on equity of 104.00%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.03 earnings per share. Sirius XM Holdings’s revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that Sirius XM Holdings Inc. will post $0.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 10th were issued a $0.01 dividend. The ex-dividend date was Monday, May 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.77%. Sirius XM Holdings’s dividend payout ratio is currently 26.67%.
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A number of analysts have issued reports on SIRI shares. Vetr raised Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $5.51 price target for the company in a report on Tuesday, March 21st. Macquarie reaffirmed an “outperform” rating and set a $5.85 price target on shares of Sirius XM Holdings in a report on Thursday, April 13th. Morgan Stanley downgraded Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 price target for the company. in a report on Wednesday, April 19th. Barclays PLC reaffirmed an “underweight” rating and set a $4.50 price target (down from $4.90) on shares of Sirius XM Holdings in a report on Monday, May 1st. Finally, Wunderlich downgraded Sirius XM Holdings from a “buy” rating to a “hold” rating and lifted their price target for the stock from $5.00 to $5.50 in a report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Sirius XM Holdings presently has an average rating of “Hold” and an average price target of $5.22.
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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