Marco Investment Management LLC Holds Position in Sirius XM Holdings Inc. (SIRI)
Marco Investment Management LLC continued to hold its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,000 shares of the company’s stock at the end of the 2nd quarter. Marco Investment Management LLC’s holdings in Sirius XM Holdings were worth $421,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SIRI. BlackRock Inc. raised its holdings 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 worth $422,980,000 after purchasing an additional 79,871,880 shares in the last quarter. Credit Agricole S A raised its holdings in Sirius XM Holdings by 641.1% during the first quarter. Credit Agricole S A now owns 6,219,924 shares of the company’s stock worth $32,032,000 after purchasing an additional 5,380,619 shares in the last quarter. FMR LLC raised its holdings in Sirius XM Holdings by 12.8% during the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock worth $216,105,000 after purchasing an additional 4,772,837 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Sirius XM Holdings by 925.9% during the second quarter. Principal Financial Group Inc. now owns 3,803,755 shares of the company’s stock worth $20,807,000 after purchasing an additional 3,432,999 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in Sirius XM Holdings by 535.4% during the second quarter. Marshall Wace North America L.P. now owns 3,404,647 shares of the company’s stock worth $17,023,000 after purchasing an additional 2,868,784 shares in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sirius XM Holdings Inc. (SIRI) traded up 0.91% during mid-day trading on Friday, reaching $5.54. 8,285,263 shares of the company’s stock traded hands. Sirius XM Holdings Inc. has a 52 week low of $4.05 and a 52 week high of $5.89. The company’s 50 day moving average is $5.58 and its 200-day moving average is $5.29. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 32.59 and a beta of 1.08.
Sirius XM Holdings (NASDAQ:SIRI) last posted its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. Equities analysts expect that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders 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 annualized dividend and a yield of 0.72%. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.
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Several brokerages recently commented on SIRI. KeyCorp reissued a “hold” rating on shares of Sirius XM Holdings in a report on Friday, August 25th. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 target price on the stock in a report on Monday, August 7th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Finally, Citigroup Inc. boosted their target price on Sirius XM Holdings from $5.50 to $6.65 and gave the stock a “buy” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus 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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