Wells Fargo & Company MN increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 29.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,179,685 shares of the company’s stock after purchasing an additional 726,832 shares during the period. Wells Fargo & Company MN owned 0.07% of Sirius XM Holdings worth $17,392,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Pitcairn Co. raised its position in Sirius XM Holdings by 1.3% in the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after purchasing an additional 237 shares during the last quarter. Advisor Partners LLC raised its position in Sirius XM Holdings by 103.7% in the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after purchasing an additional 11,938 shares during the last quarter. RFG Advisory Group LLC bought a new position in Sirius XM Holdings in the 2nd quarter worth approximately $136,000. Ballentine Partners LLC bought a new position in Sirius XM Holdings in the 2nd quarter worth approximately $143,000. Finally, Palladium Partners LLC bought a new position in Sirius XM Holdings in the 2nd quarter worth approximately $154,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Several research analysts recently weighed in on the stock. Vetr upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price objective for the company in a research report on Monday, August 7th. KeyCorp restated a “hold” rating on shares of Sirius XM Holdings in a research report on Friday, August 25th. BidaskClub upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Citigroup Inc. boosted their price objective 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. Finally, Zacks Investment Research cut shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Sirius XM Holdings currently has a consensus rating of “Buy” and an average target price of $5.75.

Shares of Sirius XM Holdings Inc. (SIRI) opened at 5.53 on Thursday. Sirius XM Holdings Inc. has a 12 month low of $4.05 and a 12 month high of $5.89. The company has a market cap of $25.51 billion, a PE ratio of 32.53 and a beta of 1.08. The firm’s 50 day moving average is $5.58 and its 200 day moving average is $5.29.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 net margin of 15.47% and a negative return on equity of 99.07%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share. On average, equities analysts predict that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current year.

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

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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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