Sei Investments Co. increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 11.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 305,563 shares of the company’s stock after buying an additional 32,263 shares during the period. Sei Investments Co. owned 0.10% of Sirius XM Holdings worth $1,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock valued at $422,980,000 after buying an additional 79,871,880 shares in the last quarter. Credit Agricole S A boosted its position in shares of Sirius XM Holdings by 641.1% in the first quarter. Credit Agricole S A now owns 6,219,924 shares of the company’s stock valued at $32,032,000 after buying an additional 5,380,619 shares in the last quarter. FMR LLC boosted its position in shares of Sirius XM Holdings by 12.8% in the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock valued at $216,105,000 after buying an additional 4,772,837 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Sirius XM Holdings by 54.5% in the first quarter. APG Asset Management N.V. now owns 9,038,262 shares of the company’s stock valued at $46,547,000 after buying an additional 3,187,400 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Sirius XM Holdings by 27.8% in the first quarter. Bank of New York Mellon Corp now owns 12,852,072 shares of the company’s stock valued at $66,189,000 after buying an additional 2,792,456 shares in the last quarter. Institutional investors own 22.18% of the company’s stock.

Shares of Sirius XM Holdings Inc. (SIRI) opened at 5.58 on Monday. The stock has a 50 day moving average price of $5.54 and a 200-day moving average price of $5.22. The stock has a market capitalization of $25.74 billion, a PE ratio of 32.82 and a beta of 1.11. Sirius XM Holdings Inc. has a 52-week low of $4.05 and a 52-week high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.72%. Sirius XM Holdings’s dividend payout ratio (DPR) is 25.00%.

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SIRI has been the subject of several recent research reports. Vetr upgraded Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $5.79 price target for the company in a research report on Monday, June 12th. Piper Jaffray Companies set a $7.00 price target on Sirius XM Holdings and gave the company a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Barclays PLC reiterated an “underweight” rating and set a $4.50 price target (down from $4.90) on shares of Sirius XM Holdings in a research report on Monday, May 1st. Finally, Macquarie reiterated a “buy” rating and set a $6.00 price target (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $5.73.

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.

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

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