Clinton Group Inc. Takes $2.22 Million Position in Sirius XM Holdings Inc. (SIRI)
Clinton Group Inc. acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 405,452 shares of the company’s stock, valued at approximately $2,218,000.
Other hedge funds have also recently bought and sold shares of the company. Pitcairn Co. boosted its stake in Sirius XM Holdings by 1.3% during 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 period. Advisor Partners LLC increased its stake in Sirius XM Holdings by 103.7% in the second quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock valued at $128,000 after purchasing an additional 11,938 shares during the period. RFG Advisory Group LLC acquired a new position in Sirius XM Holdings in the second quarter valued at $136,000. Ballentine Partners LLC acquired a new position in Sirius XM Holdings in the second quarter valued at $143,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in Sirius XM Holdings by 1.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 28,866 shares of the company’s stock valued at $149,000 after purchasing an additional 493 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.
Sirius XM Holdings Inc. (NASDAQ SIRI) traded down 0.36% during midday trading on Monday, hitting $5.50. 2,903,851 shares of the company traded hands. The stock has a market cap of $25.37 billion, a P/E ratio of 32.35 and a beta of 1.07. The stock has a 50 day moving average of $5.58 and a 200 day moving average of $5.29. Sirius XM Holdings Inc. has a 12-month low of $4.05 and a 12-month high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Sirius XM Holdings Inc. will post $0.18 EPS for the current fiscal year.
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A number of research firms recently weighed in on SIRI. Vetr lowered shares of Sirius XM Holdings from a “hold” rating to a “sell” rating and set a $5.12 price objective on the stock. in a research report on Monday, June 5th. Bank of America Corporation restated a “buy” rating and issued a $5.50 price objective on shares of Sirius XM Holdings in a research report on Friday, June 16th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research lowered Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $5.75.
Sirius XM Holdings Company 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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