Assenagon Asset Management S.A. purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 44,155 shares of the company’s stock, valued at approximately $242,000.

Other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC increased its position in shares of Sirius XM Holdings by 2.4% in the second quarter. Aperio Group LLC now owns 490,833 shares of the company’s stock valued at $2,685,000 after buying an additional 11,336 shares during the period. Concorde Asset Management LLC increased its position in shares of Sirius XM Holdings by 15.2% in the second quarter. Concorde Asset Management LLC now owns 28,589 shares of the company’s stock valued at $156,000 after buying an additional 3,782 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Sirius XM Holdings by 506.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 268,105 shares of the company’s stock valued at $1,467,000 after buying an additional 223,911 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Sirius XM Holdings by 14.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 4,545,321 shares of the company’s stock valued at $24,863,000 after buying an additional 577,179 shares during the period. Finally, Creative Planning increased its position in shares of Sirius XM Holdings by 0.3% in the second quarter. Creative Planning now owns 1,567,944 shares of the company’s stock valued at $8,577,000 after buying an additional 4,101 shares during the period. 22.14% of the stock is owned by institutional investors.

Sirius XM Holdings Inc. (NASDAQ:SIRI) traded down 0.640% during midday trading on Friday, reaching $5.435. 2,533,270 shares of the company traded hands. Sirius XM Holdings Inc. has a 12-month low of $4.05 and a 12-month high of $5.53. The company has a market cap of $25.35 billion, a price-to-earnings ratio of 33.969 and a beta of 1.11. The company has a 50-day moving average price of $5.34 and a 200-day moving average price of $5.05.

Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Thursday, April 27th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Sirius XM Holdings had a negative return on equity of 104.00% and a net margin of 15.24%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. On average, analysts predict that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued 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 of this dividend is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is presently 26.67%.

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Several equities analysts have recently issued reports on the stock. Vetr downgraded shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 price target for the company. in a report on Monday. Zacks Investment Research raised shares of Sirius XM Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Finally, Bank of America Corporation reissued a “buy” rating and set a $5.50 price target on shares of Sirius XM Holdings in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.25.

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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Institutional Ownership by Quarter for Sirius XM Holdings (NASDAQ:SIRI)

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