Eagle Asset Management Inc. Increases Position in Sirius XM Holdings Inc. (SIRI)
Eagle Asset Management Inc. boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 22.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,258,551 shares of the company’s stock after buying an additional 2,436,197 shares during the period. Eagle Asset Management Inc. owned about 0.29% of Sirius XM Holdings worth $72,524,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Miracle Mile Advisors LLC boosted its stake in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after buying an additional 300 shares in the last quarter. Pitcairn Co. boosted its stake in Sirius XM Holdings by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after buying an additional 237 shares during the period. Altfest L J & Co. Inc. bought a new stake in Sirius XM Holdings during the first quarter valued at approximately $105,000. Advisor Partners LLC boosted its stake in Sirius XM Holdings by 103.7% in the second quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock valued at $128,000 after buying an additional 11,938 shares during the period. Finally, TrimTabs Asset Management LLC boosted its stake in Sirius XM Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 25,348 shares of the company’s stock valued at $131,000 after buying an additional 11,928 shares during the period. Institutional investors own 20.42% of the company’s stock.
Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at 5.75 on Friday. Sirius XM Holdings Inc. has a 12-month low of $4.05 and a 12-month high of $5.89. The stock has a market capitalization of $26.52 billion, a P/E ratio of 33.82 and a beta of 1.11. The stock has a 50 day moving average price of $5.57 and a 200-day moving average price of $5.25.
Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.04 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Sirius XM Holdings Inc. will post $0.18 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.70%. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.
SIRI has been the subject of several analyst reports. Vetr cut Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $5.79 price target for the company. in a research note on Monday, June 19th. Bank of America Corporation restated a “buy” rating and set a $5.50 price target on shares of Sirius XM Holdings in a research note on Friday, June 16th. Macquarie restated a “buy” rating and set a $6.00 price target (up previously from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Piper Jaffray Companies set a $7.00 price target on Sirius XM Holdings and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, BidaskClub cut Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target 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.
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