Sirius XM Holdings Inc. (SIRI) Shares Bought by M&T Bank Corp
M&T Bank Corp increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,713 shares of the company’s stock after acquiring an additional 7,311 shares during the period. M&T Bank Corp’s holdings in Sirius XM Holdings were worth $781,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Pitcairn Co. lifted its stake 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 acquiring an additional 237 shares in the last quarter. Advisor Partners LLC lifted its stake 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 acquiring an additional 11,938 shares in the last quarter. RFG Advisory Group LLC purchased a new stake in Sirius XM Holdings in the 2nd quarter worth about $136,000. Ballentine Partners LLC purchased a new stake in Sirius XM Holdings in the 2nd quarter worth about $143,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Sirius XM Holdings by 1.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 28,866 shares of the company’s stock worth $149,000 after acquiring an additional 493 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on SIRI. Macquarie reissued a “buy” rating and issued a $6.00 price objective (up from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Zacks Investment Research downgraded Sirius XM Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.06 price target for the company in a research note on Monday, July 24th. Royal Bank Of Canada began coverage on Sirius XM Holdings in a research note on Friday, September 15th. They set a “sector perform” rating and a $6.00 price target for the company. Finally, BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Two equities 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 given a strong buy rating to the company’s stock. Sirius XM Holdings presently has an average rating of “Buy” and an average price target of $5.83.
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Sirius XM Holdings Inc. (NASDAQ SIRI) opened at 5.73 on Thursday. Sirius XM Holdings Inc. has a one year low of $4.05 and a one year high of $5.89. The stock’s 50 day moving average price is $5.55 and its 200-day moving average price is $5.32. The firm has a market cap of $26.43 billion, a price-to-earnings ratio of 33.71 and a beta of 1.07.
Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the 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 for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company posted $0.04 earnings per share. Sirius XM Holdings’s revenue was up 9.1% on a year-over-year basis. Analysts forecast that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, November 8th. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s dividend payout ratio is presently 25.00%.
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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