Fmr LLC raised its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,576,316 shares of the company’s stock after buying an additional 1,614,259 shares during the period. Fmr LLC owned 0.94% of Sirius XM Holdings worth $238,362,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. UBS Asset Management Americas Inc. raised its position in Sirius XM Holdings by 5.8% in the first quarter. UBS Asset Management Americas Inc. now owns 4,771,474 shares of the company’s stock valued at $24,573,000 after purchasing an additional 261,045 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Sirius XM Holdings by 0.8% during the first quarter. Ameriprise Financial Inc. now owns 225,013 shares of the company’s stock valued at $1,159,000 after purchasing an additional 1,753 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Sirius XM Holdings by 19.3% during the first quarter. Parametric Portfolio Associates LLC now owns 1,691,811 shares of the company’s stock valued at $8,713,000 after purchasing an additional 273,684 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Sirius XM Holdings by 2.0% during the first quarter. Stifel Financial Corp now owns 92,646 shares of the company’s stock worth $481,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Sirius XM Holdings by 21.4% during the first quarter. Schroder Investment Management Group now owns 985,819 shares of the company’s stock worth $5,137,000 after purchasing an additional 173,587 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at 5.52 on Monday. The firm’s 50-day moving average price is $5.58 and its 200-day moving average price is $5.29. Sirius XM Holdings Inc. has a one year low of $4.05 and a one year high of $5.89. The firm has a market capitalization of $25.46 billion, a P/E ratio of 32.47 and a beta of 1.07.

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. 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 negative return on equity of 99.07% and a net margin of 15.47%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. On average, equities analysts forecast that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current year.

Several research analysts have recently issued reports on the company. Vetr downgraded Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $5.79 price objective for the company. in a research note on Monday, June 19th. Bank of America Corporation reiterated a “buy” rating and issued a $5.50 price objective on shares of Sirius XM Holdings in a report on Friday, June 16th. Macquarie reiterated a “buy” rating and set a $6.00 target price (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, BidaskClub lowered shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $5.75.

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

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