Profund Advisors LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 282,089 shares of the company’s stock after acquiring an additional 9,153 shares during the quarter. Profund Advisors LLC’s holdings in Sirius XM Holdings were worth $1,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Miracle Mile Advisors LLC boosted its position in Sirius XM Holdings by 1.5% during the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after acquiring an additional 300 shares during the last quarter. Pitcairn Co. boosted its position in Sirius XM Holdings by 1.3% during the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after acquiring an additional 237 shares during the last quarter. Advisor Partners LLC boosted its position in Sirius XM Holdings by 103.7% during the second quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after acquiring an additional 11,938 shares during the last quarter. RFG Advisory Group LLC acquired a new position in Sirius XM Holdings during the second quarter worth about $136,000. Finally, Ballentine Partners LLC acquired a new position in Sirius XM Holdings during the second quarter worth about $143,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at 5.48 on Tuesday. The firm has a market cap of $25.28 billion, a PE ratio of 32.24 and a beta of 1.08. Sirius XM Holdings Inc. has a 1-year low of $4.05 and a 1-year high of $5.89. The stock has a 50 day moving average of $5.59 and a 200 day moving average of $5.29.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Tuesday, August 8th. Sirius XM Holdings’s payout ratio is 25.00%.

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A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Sirius XM Holdings in a research report on Friday. They set a “sector perform” rating and a $6.00 price target on the stock. KeyCorp restated a “hold” rating on shares of Sirius XM Holdings in a research report on Friday, August 25th. Citigroup Inc. boosted their price target on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the stock a “buy” rating in a research report on Monday, August 7th. Vetr upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price target on the stock in a research report on Monday, August 7th. Finally, BidaskClub upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $5.75.

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.

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

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