Northern Trust Corp Sells 822,775 Shares of Sirius XM Holdings Inc. (SIRI)
Northern Trust Corp lowered its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,662,969 shares of the company’s stock after selling 822,775 shares during the period. Northern Trust Corp owned about 0.27% of Sirius XM Holdings worth $69,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Pitcairn Co. raised its holdings in shares of Sirius XM Holdings by 1.3% in the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after purchasing an additional 237 shares in the last quarter. Advisor Partners LLC lifted its position in shares of Sirius XM Holdings by 103.7% during 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 purchased a new stake in shares of Sirius XM Holdings during the 2nd quarter worth $136,000. Ballentine Partners LLC acquired a new position in shares of Sirius XM Holdings during the second quarter worth $143,000. Finally, Palladium Partners LLC acquired a new position in shares of Sirius XM Holdings during the second quarter worth $154,000. 20.31% of the stock is currently owned by institutional investors.
Shares of Sirius XM Holdings Inc. (NASDAQ SIRI) opened at 5.50 on Tuesday. The stock has a 50 day moving average price of $5.55 and a 200 day moving average price of $5.31. The firm has a market capitalization of $25.37 billion, a P/E ratio of 32.35 and a beta of 1.07. 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 issued its quarterly earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations 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 last year, the company posted $0.04 earnings per share. Equities analysts anticipate that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current fiscal year.
Several equities analysts recently commented on the company. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.28 target price on the stock in a report on Tuesday, June 20th. KeyCorp restated a “hold” rating on shares of Sirius XM Holdings in a research note on Friday, August 25th. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Finally, Piper Jaffray Companies set a $7.00 price objective on Sirius XM Holdings and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two 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 assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price 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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