Chevy Chase Trust Holdings Inc. Has $8,955,000 Position in Sirius XM Holdings Inc. (SIRI)
Chevy Chase Trust Holdings Inc. boosted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5,583.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,147,392 shares of the company’s stock after buying an additional 2,109,606 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Sirius XM Holdings were worth $8,955,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA increased its position in shares of Sirius XM Holdings by 0.3% in the second quarter. Private Trust Co. NA now owns 35,793 shares of the company’s stock valued at $141,000 after buying an additional 107 shares during the last quarter. BOKF NA increased its stake in Sirius XM Holdings by 0.6% in the second quarter. BOKF NA now owns 28,455 shares of the company’s stock worth $113,000 after buying an additional 166 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Sirius XM Holdings by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 90,503 shares of the company’s stock worth $357,000 after buying an additional 805 shares in the last quarter. Fifth Third Bancorp increased its stake in Sirius XM Holdings by 2.5% in the second quarter. Fifth Third Bancorp now owns 66,164 shares of the company’s stock worth $261,000 after buying an additional 1,640 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Sirius XM Holdings by 1.8% in the second quarter. M&T Bank Corp now owns 122,387 shares of the company’s stock worth $484,000 after buying an additional 2,198 shares in the last quarter. 22.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) traded down 1.41% during trading on Monday, hitting $4.54. 21,285,104 shares of the company traded hands. The company has a market capitalization of $21.90 billion, a price-to-earnings ratio of 35.19 and a beta of 1.24. Sirius XM Holdings Inc. has a 52 week low of $3.29 and a 52 week high of $4.65. The company has a 50 day moving average price of $4.27 and a 200 day moving average price of $4.14.
Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 13.70% and a negative return on equity of 133.77%. The business earned $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business earned $0.03 earnings per share. Sirius XM Holdings’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts expect that Sirius XM Holdings Inc. will post $0.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 9th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, November 7th. This represents a $0.04 annualized dividend and a yield of 0.87%. Sirius XM Holdings’s dividend payout ratio (DPR) is currently 30.77%.
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A number of research firms have recently issued reports on SIRI. BTIG Research began coverage on shares of Sirius XM Holdings in a report on Tuesday, November 22nd. They set a “neutral” rating for the company. Citigroup Inc. lifted their price objective on shares of Sirius XM Holdings from $4.50 to $4.85 and gave the stock a “buy” rating in a report on Thursday, August 18th. JPMorgan Chase & Co. began coverage on shares of Sirius XM Holdings in a report on Monday, September 26th. They set a “neutral” rating for the company. Macquarie reaffirmed an “outperform” rating and set a $4.85 price objective on shares of Sirius XM Holdings in a report on Friday, September 23rd. Finally, Zacks Investment Research raised shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Tuesday, October 4th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Sirius XM Holdings currently has an average rating of “Buy” and a consensus target price of $4.84.
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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