Ameriprise Financial Inc. boosted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,013 shares of the company’s stock after buying an additional 1,753 shares during the period. Ameriprise Financial Inc.’s holdings in Sirius XM Holdings were worth $1,159,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in SIRI. IFP Advisors Inc raised its stake in Sirius XM Holdings by 0.8% in the first quarter. IFP Advisors Inc now owns 101,545 shares of the company’s stock valued at $523,000 after buying an additional 833 shares in the last quarter. Wedbush Securities Inc. raised its stake in Sirius XM Holdings by 2.9% in the first quarter. Wedbush Securities Inc. now owns 32,980 shares of the company’s stock valued at $170,000 after buying an additional 930 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Sirius XM Holdings by 0.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 256,025 shares of the company’s stock valued at $1,319,000 after buying an additional 953 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in Sirius XM Holdings by 0.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 135,832 shares of the company’s stock valued at $702,000 after buying an additional 1,019 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Sirius XM Holdings by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 71,552 shares of the company’s stock valued at $368,000 after buying an additional 2,664 shares in the last quarter. 22.14% of the stock is owned by institutional investors.
Sirius XM Holdings Inc. (SIRI) opened at 5.46 on Tuesday. The company has a market capitalization of $25.47 billion, a P/E ratio of 34.12 and a beta of 1.11. The stock’s 50 day moving average price is $5.16 and its 200-day moving average price is $4.96. Sirius XM Holdings Inc. has a 52-week low of $4.05 and a 52-week high of $5.53.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 104.00% and a net margin of 15.24%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is 26.67%.
Several research firms have weighed in on SIRI. Barclays PLC set a $5.00 price target on Sirius XM Holdings and gave the stock a “hold” rating in a research note on Sunday, April 30th. Vetr downgraded Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 price target for the company. in a research note on Monday. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Bank of America Corporation restated a “buy” rating and issued a $5.50 price target on shares of Sirius XM Holdings in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Sirius XM Holdings has a consensus rating of “Hold” and an average price target of $5.25.
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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