Sirius XM Holdings Inc. (SIRI) Stake Lifted by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. lifted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 19.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,419,576 shares of the company’s stock after purchasing an additional 874,255 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.12% of Sirius XM worth $29,915,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SIRI. Sei Investments Co. increased its stake in shares of Sirius XM by 11.8% during the 2nd quarter. Sei Investments Co. now owns 305,563 shares of the company’s stock worth $1,671,000 after purchasing an additional 32,263 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new position in shares of Sirius XM during the 2nd quarter worth about $1,206,000. Korea Investment CORP increased its stake in shares of Sirius XM by 9.3% during the 2nd quarter. Korea Investment CORP now owns 363,200 shares of the company’s stock worth $1,987,000 after purchasing an additional 31,000 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Sirius XM by 7.3% during the 2nd quarter. IFP Advisors Inc now owns 108,920 shares of the company’s stock worth $596,000 after purchasing an additional 7,375 shares during the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Sirius XM by 103.7% during the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after purchasing an additional 11,938 shares during the last quarter. Institutional investors own 19.65% of the company’s stock.

In other Sirius XM news, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the transaction, the executive vice president now owns 227,430 shares in the company, valued at approximately $1,296,351. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Sirius XM from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America set a $7.00 price target on shares of Sirius XM and gave the company a “buy” rating in a research note on Thursday, October 12th. Piper Jaffray Companies set a $7.00 price target on shares of Sirius XM and gave the company a “buy” rating in a research note on Wednesday, October 11th. Pivotal Research reiterated a “buy” rating and issued a $6.80 price target (up previously from $6.25) on shares of Sirius XM in a research note on Wednesday, October 25th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $6.01.

Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $5.64 on Friday. Sirius XM Holdings Inc. has a 52-week low of $4.40 and a 52-week high of $5.89. The stock has a market cap of $25,874.47, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. 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 (NASDAQ:SIRI) last announced its earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. sell-side analysts expect that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were given a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Wednesday, November 8th. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio is presently 22.22%.

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About Sirius XM

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 (NASDAQ:SIRI)

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