Ativo Capital Management LLC Purchases Shares of 429,884 Sirius XM Holdings Inc. (SIRI)
Ativo Capital Management LLC purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 429,884 shares of the company’s stock, valued at approximately $2,351,000. Sirius XM Holdings accounts for 0.6% of Ativo Capital Management LLC’s investment portfolio, making the stock its 29th biggest position.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Sirius XM Holdings by 21.3% during the 2nd quarter. Victory Capital Management Inc. now owns 361,743 shares of the company’s stock worth $1,979,000 after purchasing an additional 63,445 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Sirius XM Holdings by 17.2% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 533,483 shares of the company’s stock worth $2,918,000 after purchasing an additional 78,260 shares during the period. Legal & General Group Plc increased its holdings in Sirius XM Holdings by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock worth $41,726,000 after purchasing an additional 111,962 shares during the period. UBS Group AG increased its holdings in Sirius XM Holdings by 12.1% during the 1st quarter. UBS Group AG now owns 1,114,285 shares of the company’s stock worth $5,739,000 after purchasing an additional 119,915 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its holdings in Sirius XM Holdings by 14.5% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 4,545,321 shares of the company’s stock worth $24,863,000 after purchasing an additional 577,179 shares during the period. Institutional investors own 20.31% of the company’s stock.
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Several equities research analysts have weighed in on SIRI shares. Citigroup Inc. upped their price target on Sirius XM Holdings from $5.50 to $6.65 and gave the stock a “buy” rating in a report on Monday, August 7th. FBR & Co restated an “outperform” rating and set a $6.00 price target (up previously from $5.70) on shares of Sirius XM Holdings in a 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 target on the stock. in a report on Monday, July 17th. Finally, Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Sirius XM Holdings currently has a consensus rating of “Buy” and an average price target of $5.75.
Sirius XM Holdings Inc. (SIRI) traded down 0.18% on Tuesday, hitting $5.47. The stock had a trading volume of 2,645,926 shares. The company’s 50 day moving average is $5.59 and its 200 day moving average is $5.29. 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 $25.23 billion, a PE ratio of 32.18 and a beta of 1.08.
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. On average, equities research analysts expect that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 10th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.73%. The ex-dividend date was Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.
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.
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