Royal Bank of Canada Increases Holdings in Sirius XM Holdings Inc. (SIRI)

Royal Bank of Canada increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 34.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 516,025 shares of the company’s stock after acquiring an additional 133,434 shares during the period. Royal Bank of Canada’s holdings in Sirius XM Holdings were worth $2,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Sirius XM Holdings by 3,534.6% during the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock valued at $422,980,000 after purchasing an additional 79,871,880 shares during the period. Vanguard Group Inc. grew its holdings in Sirius XM Holdings by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,433,991 shares of the company’s stock valued at $429,035,000 after purchasing an additional 957,278 shares during the period. FMR LLC grew its holdings in Sirius XM Holdings by 3.8% during the second quarter. FMR LLC now owns 43,576,316 shares of the company’s stock valued at $238,362,000 after purchasing an additional 1,614,259 shares during the period. Eagle Asset Management Inc. grew its holdings in Sirius XM Holdings by 22.5% during the second quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock valued at $72,524,000 after purchasing an additional 2,436,197 shares during the period. Finally, Legal & General Group Plc grew its holdings in Sirius XM Holdings by 1.5% during the second quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock valued at $41,726,000 after purchasing an additional 111,962 shares during the period. 20.42% of the stock is owned by institutional investors and hedge funds.

Sirius XM Holdings Inc. (SIRI) traded up $0.03 during trading on Friday, reaching $5.34. The company’s stock had a trading volume of 18,671,500 shares, compared to its average volume of 21,896,361. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19. The company has a market cap of $24,403.80, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. Sirius XM Holdings Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last posted 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. Sirius XM Holdings had a negative return on equity of 93.51% and a net margin of 16.71%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm posted $0.04 EPS. The business’s revenue was up 8.0% on a year-over-year basis. equities analysts forecast that Sirius XM Holdings Inc. will post 0.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders 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 dividend yield of 0.82%. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, November 8th. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 22.22%.

SIRI has been the subject of several research reports. BidaskClub lowered Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Piper Jaffray Companies set a $7.00 price target on Sirius XM Holdings and gave the stock a “buy” rating in a report on Thursday, July 27th. Macquarie reaffirmed a “buy” rating and issued a $6.00 price target (up from $5.65) on shares of Sirius XM Holdings in a report on Thursday, July 27th. Pivotal Research reaffirmed a “buy” rating and issued a $6.25 price target on shares of Sirius XM Holdings in a report on Sunday, July 30th. Finally, Citigroup Inc. raised their price target on Sirius XM Holdings from $5.50 to $6.65 and gave the stock a “buy” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Sirius XM Holdings presently has a consensus rating of “Buy” and a consensus price target of $6.01.

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About Sirius XM Holdings

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.

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

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