Robeco Institutional Asset Management B.V. lowered its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,112,661 shares of the company’s stock after selling 33,285 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Sirius XM Holdings worth $27,965,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its position in shares of Sirius XM Holdings by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 1,624,206 shares of the company’s stock valued at $7,228,000 after buying an additional 72,901 shares during the period. DnB Asset Management AS increased its position in shares of Sirius XM Holdings by 10.1% in the first quarter. DnB Asset Management AS now owns 198,715 shares of the company’s stock valued at $1,023,000 after buying an additional 18,300 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Sirius XM Holdings by 18.1% in the first quarter. Nisa Investment Advisors LLC now owns 232,026 shares of the company’s stock valued at $1,195,000 after buying an additional 35,572 shares during the period. First Manhattan Co. increased its position in shares of Sirius XM Holdings by 14.4% in the first quarter. First Manhattan Co. now owns 43,744 shares of the company’s stock valued at $182,000 after buying an additional 5,500 shares during the period. Finally, Korea Investment CORP acquired a new position in shares of Sirius XM Holdings during the first quarter valued at approximately $1,711,000. Institutional investors own 20.42% of the company’s stock.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at 5.58 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 cap of $25.74 billion, a P/E ratio of 32.82 and a beta of 1.11. The company’s 50-day moving average price is $5.54 and its 200-day moving average price is $5.22.

Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts forecast that Sirius XM Holdings Inc. will post $0.18 EPS 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 given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is 25.00%.

COPYRIGHT VIOLATION NOTICE: “Robeco Institutional Asset Management B.V. Sells 33,285 Shares of Sirius XM Holdings Inc. (SIRI)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/28/robeco-institutional-asset-management-b-v-sells-33285-shares-of-sirius-xm-holdings-inc-siri.html.

SIRI has been the topic of several research analyst reports. Barclays PLC set a $5.00 price objective on Sirius XM Holdings and gave the company a “hold” rating in a research report on Sunday, April 30th. Citigroup Inc. upped their price objective on Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a research report on Monday, August 7th. FBR & Co reaffirmed an “outperform” rating and issued a $6.00 price objective (up previously from $5.70) on shares of Sirius XM Holdings in a research report on Sunday, July 30th. Vetr downgraded Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 price objective on the stock. in a research report on Monday, July 17th. Finally, Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $5.73.

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.

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

Receive News & Stock Ratings for Sirius XM Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM Holdings Inc. and related stocks with our FREE daily email newsletter.