Charles Schwab Investment Management Inc. boosted its stake in Sirius XM Holdings Inc (NASDAQ:SIRI) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,340,662 shares of the company’s stock after acquiring an additional 139,432 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sirius XM were worth $29,801,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Sirius XM by 52.2% in the 1st quarter. BlackRock Inc. now owns 123,784,832 shares of the company’s stock valued at $701,859,000 after acquiring an additional 42,438,908 shares during the period. Geode Capital Management LLC boosted its stake in Sirius XM by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 15,660,182 shares of the company’s stock worth $89,361,000 after purchasing an additional 553,127 shares during the last quarter. Nordea Investment Management AB boosted its stake in Sirius XM by 65.1% during the 1st quarter. Nordea Investment Management AB now owns 8,651,642 shares of the company’s stock worth $49,055,000 after purchasing an additional 3,412,671 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Sirius XM by 9.3% during the 1st quarter. New York State Common Retirement Fund now owns 7,227,896 shares of the company’s stock worth $40,982,000 after purchasing an additional 614,296 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Sirius XM by 0.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 6,777,414 shares of the company’s stock worth $37,818,000 after purchasing an additional 32,642 shares during the last quarter. 19.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SIRI stock opened at $6.45 on Friday. The company’s 50-day moving average price is $6.16 and its 200-day moving average price is $5.89. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 46.63. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.51 and a beta of 1.02. Sirius XM Holdings Inc has a twelve month low of $5.23 and a twelve month high of $7.25.
Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Sirius XM had a net margin of 15.25% and a negative return on equity of 117.72%. The company’s revenue was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, equities research analysts predict that Sirius XM Holdings Inc will post 0.21 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were given a dividend of $0.0121 per share. The ex-dividend date was Thursday, August 8th. This represents a $0.05 annualized dividend and a dividend yield of 0.75%. Sirius XM’s payout ratio is 19.23%.
Several equities research analysts have issued reports on SIRI shares. Credit Suisse Group raised shares of Sirius XM from a “neutral” rating to an “outperform” rating and set a $7.00 target price on the stock in a research note on Monday, June 10th. BidaskClub raised shares of Sirius XM from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 19th. ValuEngine raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Pivotal Research reaffirmed a “buy” rating and set a $7.70 target price on shares of Sirius XM in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $7.37.
In other news, VP Thomas D. Barry sold 164,715 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $5.99, for a total transaction of $986,642.85. Following the transaction, the vice president now owns 265,735 shares of the company’s stock, valued at approximately $1,591,752.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jennifer C. Witz sold 504,830 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $6.02, for a total transaction of $3,039,076.60. Following the transaction, the insider now directly owns 913,904 shares in the company, valued at approximately $5,501,702.08. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.
About Sirius XM
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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