Tiaa Fsb trimmed its position in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,351 shares of the company’s stock after selling 3,528 shares during the period. Tiaa Fsb’s holdings in Sirius XM were worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SIRI. Norges Bank purchased a new stake in shares of Sirius XM during the 4th quarter worth approximately $72,261,000. BlackRock Inc. raised its holdings in shares of Sirius XM by 6.9% during the 4th quarter. BlackRock Inc. now owns 81,345,924 shares of the company’s stock worth $464,485,000 after acquiring an additional 5,256,918 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in shares of Sirius XM by 240.9% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 6,101,569 shares of the company’s stock worth $34,839,000 after acquiring an additional 4,311,952 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Sirius XM by 613.6% during the 4th quarter. Squarepoint Ops LLC now owns 3,440,241 shares of the company’s stock worth $19,644,000 after acquiring an additional 2,958,141 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Sirius XM by 44.1% during the 3rd quarter. Morgan Stanley now owns 7,938,067 shares of the company’s stock worth $50,169,000 after acquiring an additional 2,429,258 shares in the last quarter. 17.12% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on SIRI shares. BidaskClub cut Sirius XM from a “buy” rating to a “hold” rating in a report on Friday, January 25th. JPMorgan Chase & Co. raised Sirius XM from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $6.00 to $7.00 in a report on Wednesday, January 2nd. Pivotal Research reaffirmed a “hold” rating and set a $7.00 price objective on shares of Sirius XM in a report on Thursday, January 31st. Zacks Investment Research cut Sirius XM from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Finally, Macquarie set a $8.00 target price on Sirius XM and gave the company a “buy” rating in a research report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.26.

NASDAQ SIRI opened at $6.04 on Friday. The company has a market cap of $27.04 billion, a PE ratio of 23.23, a P/E/G ratio of 2.42 and a beta of 1.04. Sirius XM Holdings Inc has a fifty-two week low of $5.48 and a fifty-two week high of $7.70.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Wednesday, January 30th. The company reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. Sirius XM had a negative return on equity of 76.76% and a net margin of 20.38%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. On average, analysts forecast that Sirius XM Holdings Inc will post 0.22 earnings per share for the current year.

Sirius XM declared that its Board of Directors has approved a stock buyback plan on Tuesday, January 29th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

In other news, VP Thomas D. Barry sold 48,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $6.06, for a total transaction of $293,988.78. Following the transaction, the vice president now owns 462,465 shares of the company’s stock, valued at approximately $2,802,537.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Cook sold 56,118 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $6.13, for a total value of $344,003.34. Following the completion of the transaction, the executive vice president now directly owns 1,445,007 shares in the company, valued at approximately $8,857,892.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 693,134 shares of company stock worth $4,245,516. Corporate insiders own 0.76% of the company’s stock.

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Sirius XM Company Profile

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

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

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