Kalos Management Inc. acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,796 shares of the company’s stock, valued at approximately $114,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Sirius XM during the third quarter worth about $1,103,000. Chevy Chase Trust Holdings Inc. lifted its stake in shares of Sirius XM by 19.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 5,419,576 shares of the company’s stock worth $29,915,000 after acquiring an additional 874,255 shares in the last quarter. Magnetar Financial LLC lifted its stake in shares of Sirius XM by 1,067.3% in the third quarter. Magnetar Financial LLC now owns 134,619 shares of the company’s stock worth $743,000 after acquiring an additional 123,086 shares in the last quarter. Engineers Gate Manager LP lifted its stake in shares of Sirius XM by 332.8% in the third quarter. Engineers Gate Manager LP now owns 423,703 shares of the company’s stock worth $2,339,000 after acquiring an additional 325,813 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Sirius XM by 10.2% in the third quarter. Stifel Financial Corp now owns 108,206 shares of the company’s stock worth $604,000 after acquiring an additional 9,997 shares in the last quarter. Institutional investors own 19.65% of the company’s stock.

SIRI has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating on shares of Sirius XM in a research note on Wednesday, November 1st. Bank of America set a $7.00 price target on Sirius XM and gave the stock a “buy” rating in a research note on Thursday, October 12th. Piper Jaffray Companies set a $7.00 price target on Sirius XM and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Sirius XM from a “sell” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Friday, October 27th. Finally, Gabelli boosted their price target on Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $6.01.

In related news, EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the completion of the sale, the executive vice president now directly owns 227,430 shares of the company’s stock, valued at $1,296,351. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.06% of the stock is owned by insiders.

Shares of Sirius XM Holdings Inc. (SIRI) opened at $5.64 on Tuesday. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. The firm has a market capitalization of $25,920.42, a PE ratio of 31.33, a P/E/G ratio of 1.80 and a beta of 1.12. Sirius XM Holdings Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $5.89.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. Sirius XM’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share. equities analysts anticipate that Sirius XM Holdings Inc. will post 0.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were issued a $0.011 dividend. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a yield of 0.78%. The ex-dividend date was Wednesday, November 8th. Sirius XM’s payout ratio is currently 22.22%.

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Sirius XM 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 (NASDAQ:SIRI)

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