First Trust Advisors LP Sells 160,053 Shares of Sirius XM Holdings Inc. (SIRI)
First Trust Advisors LP decreased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,392,240 shares of the company’s stock after selling 160,053 shares during the period. First Trust Advisors LP owned approximately 0.07% of Sirius XM Holdings worth $14,146,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SIRI. JPMorgan Chase & Co. raised its stake in Sirius XM Holdings by 61.7% in the second quarter. JPMorgan Chase & Co. now owns 21,962,783 shares of the company’s stock worth $86,753,000 after buying an additional 8,381,053 shares during the last quarter. Janus Capital Management LLC raised its stake in Sirius XM Holdings by 36.7% in the second quarter. Janus Capital Management LLC now owns 11,715,900 shares of the company’s stock worth $46,278,000 after buying an additional 3,142,800 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Sirius XM Holdings by 1,303.7% in the third quarter. BNP Paribas Arbitrage SA now owns 2,329,480 shares of the company’s stock worth $9,714,000 after buying an additional 2,163,531 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Sirius XM Holdings by 5,583.0% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 2,147,392 shares of the company’s stock worth $8,955,000 after buying an additional 2,109,606 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Sirius XM Holdings during the second quarter worth $7,911,000. Institutional investors own 22.64% of the company’s stock.
Sirius XM Holdings Inc. (NASDAQ:SIRI) traded up 1.432% on Tuesday, reaching $4.605. The company’s stock had a trading volume of 11,109,833 shares. The firm has a market capitalization of $22.22 billion, a P/E ratio of 35.698 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 firm has a 50-day moving average price of $4.28 and a 200 day moving average price of $4.14.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 133.77% and a net margin of 13.70%. The business earned $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.03 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Equities analysts anticipate that Sirius XM Holdings Inc. will post $0.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 9th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $0.04 dividend on an annualized basis and a yield of 0.87%. Sirius XM Holdings’s dividend payout ratio is currently 30.77%.
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A number of analysts recently weighed in on the stock. BTIG Research assumed coverage on shares of Sirius XM Holdings in a research note on Tuesday, November 22nd. They set a “neutral” rating on the stock. Citigroup Inc. upped their price target on Sirius XM Holdings from $4.50 to $4.85 and gave the company a “buy” rating in a report on Thursday, August 18th. JPMorgan Chase & Co. initiated coverage on Sirius XM Holdings in a report on Monday, September 26th. They issued a “neutral” rating for the company. Macquarie reaffirmed an “outperform” rating and issued a $4.85 price target on shares of Sirius XM Holdings in a report on Friday, September 23rd. Finally, Zacks Investment Research raised Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Tuesday, October 4th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Sirius XM Holdings presently has an average rating of “Buy” and a consensus target price of $4.84.
Sirius XM Holdings Company 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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