Sirius XM Holdings Inc. (SIRI) Shares Bought by People s United Financial Inc.
People s United Financial Inc. grew its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,904 shares of the company’s stock after purchasing an additional 3 shares during the period. People s United Financial Inc.’s holdings in Sirius XM Holdings were worth $278,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Stifel Financial Corp grew its position in Sirius XM Holdings by 6.0% in the 2nd quarter. Stifel Financial Corp now owns 98,209 shares of the company’s stock worth $538,000 after purchasing an additional 5,563 shares during the last quarter. Roundview Capital LLC acquired a new stake in Sirius XM Holdings in the 2nd quarter worth $383,000. Advisor Group Inc. grew its position in Sirius XM Holdings by 34.3% in the 2nd quarter. Advisor Group Inc. now owns 126,296 shares of the company’s stock worth $691,000 after purchasing an additional 32,233 shares during the last quarter. Cibc World Markets Corp acquired a new stake in Sirius XM Holdings in the 2nd quarter worth $1,897,000. Finally, M&T Bank Corp grew its position in Sirius XM Holdings by 5.4% in the 2nd quarter. M&T Bank Corp now owns 142,713 shares of the company’s stock worth $781,000 after purchasing an additional 7,311 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at 5.73 on Friday. The stock’s 50 day moving average is $5.56 and its 200 day moving average is $5.32. The firm has a market capitalization of $26.43 billion, a price-to-earnings ratio of 33.71 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 released its quarterly earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $0.04 earnings per share. Sirius XM Holdings’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be paid a $0.011 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a dividend yield of 0.77%. Sirius XM Holdings’s dividend payout ratio is 25.00%.
SIRI has been the topic of several research analyst reports. Vetr upgraded shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $5.79 price target on the stock in a research report on Monday, June 12th. Bank of America Corporation restated a “buy” rating and issued a $5.50 price target on shares of Sirius XM Holdings in a research report on Friday, June 16th. BidaskClub upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Zacks Investment Research lowered shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Macquarie restated a “buy” rating and issued a $6.00 price target (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $5.83.
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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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