Victory Capital Management Inc. reduced its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 292,178 shares of the company’s stock after selling 69,565 shares during the quarter. Victory Capital Management Inc.’s holdings in Sirius XM Holdings were worth $1,613,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Capstone Asset Management Co. increased its holdings in Sirius XM Holdings by 0.3% in the second quarter. Capstone Asset Management Co. now owns 65,346 shares of the company’s stock worth $357,000 after purchasing an additional 170 shares in the last quarter. Scotia Capital Inc. increased its holdings in Sirius XM Holdings by 0.8% in the second quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock worth $139,000 after purchasing an additional 206 shares in the last quarter. Pitcairn Co. increased its holdings in Sirius XM Holdings by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after purchasing an additional 237 shares in the last quarter. GM Advisory Group Inc. increased its holdings in Sirius XM Holdings by 0.9% in the second quarter. GM Advisory Group Inc. now owns 33,185 shares of the company’s stock worth $182,000 after purchasing an additional 290 shares in the last quarter. Finally, Traynor Capital Management Inc. increased its holdings in Sirius XM Holdings by 1.8% in the second quarter. Traynor Capital Management Inc. now owns 32,571 shares of the company’s stock worth $189,000 after purchasing an additional 564 shares in the last quarter. Institutional investors and hedge funds own 20.28% of the company’s stock.
Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $5.43 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of -6.41. Sirius XM Holdings Inc. has a 1 year low of $4.22 and a 1 year high of $5.89. The stock has a market capitalization of $25,090.00, a P/E ratio of 30.33, a P/E/G ratio of 1.75 and a beta of 1.13.
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, topping 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 quarter in the previous year, the firm earned $0.04 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. research analysts forecast that Sirius XM Holdings Inc. will post 0.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a $0.011 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.04 annualized dividend and a yield of 0.81%. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s payout ratio is currently 22.22%.
A number of brokerages have commented on SIRI. B. Riley reissued a “buy” rating on shares of Sirius XM Holdings in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Sirius XM Holdings in a research note on Friday, August 25th. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price objective for the company in a research note on Monday, August 7th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, Citigroup Inc. raised their price objective on Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Sirius XM Holdings currently has an average rating of “Buy” and an average target price 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.
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