CIBC World Markets Inc. raised its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 242.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 451,713 shares of the company’s stock after purchasing an additional 319,982 shares during the quarter. CIBC World Markets Inc.’s holdings in Sirius XM Holdings were worth $2,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. lifted its position in Sirius XM Holdings by 3,534.6% during the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock valued at $422,980,000 after purchasing an additional 79,871,880 shares during the last quarter. FMR LLC lifted its position in Sirius XM Holdings by 12.8% during the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock valued at $216,105,000 after purchasing an additional 4,772,837 shares during the last quarter. Geode Capital Management LLC lifted its position in Sirius XM Holdings by 8.6% during the first quarter. Geode Capital Management LLC now owns 14,647,919 shares of the company’s stock valued at $75,412,000 after purchasing an additional 1,159,420 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Sirius XM Holdings by 22.5% during the second quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock valued at $72,524,000 after purchasing an additional 2,436,197 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Sirius XM Holdings by 27.8% during 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 purchasing an additional 2,792,456 shares during the last quarter. Institutional investors and hedge funds own 20.42% of the company’s stock.

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Sirius XM Holdings Inc. (NASDAQ SIRI) opened at 5.53 on Tuesday. Sirius XM Holdings Inc. has a 52 week low of $4.05 and a 52 week high of $5.89. The stock has a market capitalization of $25.51 billion, a P/E ratio of 32.53 and a beta of 1.08. The company has a 50 day moving average of $5.60 and a 200 day moving average of $5.28.

Sirius XM Holdings (NASDAQ:SIRI) last posted its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting 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 company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. Equities analysts expect that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.

Several brokerages have issued reports on SIRI. Macquarie reiterated a “buy” rating and set a $6.00 target price (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Vetr upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.06 target price for the company in a research report on Monday, July 24th. BidaskClub upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the company a “buy” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $5.73.

Sirius XM Holdings 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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