Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 533,483 shares of the company’s stock after buying an additional 78,260 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sirius XM Holdings were worth $2,918,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Andra AP fonden increased its stake in shares of Sirius XM Holdings by 5.3% in the second quarter. Andra AP fonden now owns 496,100 shares of the company’s stock worth $2,714,000 after buying an additional 25,000 shares during the period. RFG Advisory Group LLC purchased a new stake in shares of Sirius XM Holdings during the second quarter worth $136,000. Victory Capital Management Inc. increased its stake in shares of Sirius XM Holdings by 21.3% in the second quarter. Victory Capital Management Inc. now owns 361,743 shares of the company’s stock worth $1,979,000 after buying an additional 63,445 shares during the period. TrimTabs Asset Management LLC increased its stake in shares of Sirius XM Holdings by 104.9% in the second quarter. TrimTabs Asset Management LLC now owns 51,946 shares of the company’s stock worth $284,000 after buying an additional 26,598 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Sirius XM Holdings during the second quarter worth $186,000. Institutional investors and hedge funds own 20.42% of the company’s stock.

Sirius XM Holdings Inc. (SIRI) opened at 5.75 on Friday. The firm’s 50-day moving average price is $5.57 and its 200-day moving average price is $5.25. Sirius XM Holdings Inc. has a 12 month low of $4.05 and a 12 month high of $5.89. The firm has a market cap of $26.52 billion, a price-to-earnings ratio of 33.82 and a beta of 1.11.

Sirius XM Holdings (NASDAQ:SIRI) last issued 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 during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm posted $0.04 EPS. Sirius XM Holdings’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts predict that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th were issued a $0.01 dividend. The ex-dividend date 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 payout ratio is presently 25.00%.

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A number of equities research analysts have recently weighed in on the company. KeyCorp reiterated a “hold” rating on shares of Sirius XM Holdings in a report on Friday, August 25th. Citigroup Inc. boosted their price target on Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a report on Monday, August 7th. Vetr upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price target for the company in a report on Monday, August 7th. BidaskClub upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Sirius XM Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. 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 assigned a strong buy rating to the company’s stock. The stock presently 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)

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