Creative Planning Acquires 4,101 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)
Creative Planning boosted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,567,944 shares of the company’s stock after buying an additional 4,101 shares during the period. Creative Planning’s holdings in Sirius XM Holdings were worth $8,577,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Sirius XM Holdings during the fourth quarter worth about $3,647,000. Comerica Bank increased its position in Sirius XM Holdings by 545.6% in the fourth quarter. Comerica Bank now owns 76,706 shares of the company’s stock worth $354,000 after buying an additional 64,824 shares during the period. AQR Capital Management LLC increased its position in Sirius XM Holdings by 7.1% in the fourth quarter. AQR Capital Management LLC now owns 396,289 shares of the company’s stock worth $1,763,000 after buying an additional 26,295 shares during the period. HighPoint Advisor Group LLC increased its position 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 worth $702,000 after buying an additional 1,019 shares during the period. Finally, Teachers Advisors LLC increased its position in Sirius XM Holdings by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 1,624,206 shares of the company’s stock worth $7,228,000 after buying an additional 72,901 shares during the period. Hedge funds and other institutional investors own 22.03% of the company’s stock.
Shares of Sirius XM Holdings Inc. (NASDAQ SIRI) opened at 5.56 on Monday. Sirius XM Holdings Inc. has a 12-month low of $4.05 and a 12-month high of $5.89. The company has a market capitalization of $25.65 billion, a PE ratio of 32.71 and a beta of 1.11. The firm’s 50-day moving average price is $5.40 and its 200-day moving average price is $5.11.
Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. On average, analysts expect that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.
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A number of equities analysts have recently issued reports on SIRI shares. Macquarie restated an “outperform” rating and issued a $5.85 price target on shares of Sirius XM Holdings in a research note on Thursday, April 13th. Morgan Stanley downgraded Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 price target on the stock. in a research note on Wednesday, April 19th. Vetr downgraded Sirius XM Holdings from a “buy” rating to a “hold” rating and set a $5.37 target price on the stock. in a research report on Tuesday, April 25th. Barclays PLC reiterated an “underweight” rating and set a $4.50 target price (down from $4.90) on shares of Sirius XM Holdings in a research report on Monday, May 1st. Finally, Bank of America Corporation reiterated a “buy” rating and set a $5.50 target price on shares of Sirius XM Holdings in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $5.58.
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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