KBC Group NV lowered its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 479,130 shares of the company’s stock after selling 80,602 shares during the period. KBC Group NV’s holdings in Sirius XM were worth $2,644,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of SIRI. Arrowstreet Capital Limited Partnership raised its stake in shares of Sirius XM by 119.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock valued at $188,025,000 after acquiring an additional 18,694,885 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Sirius XM by 3,767.6% in the second quarter. Janus Henderson Group PLC now owns 9,132,334 shares of the company’s stock valued at $49,953,000 after acquiring an additional 8,896,209 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Sirius XM by 925.9% in the second quarter. Principal Financial Group Inc. now owns 3,803,755 shares of the company’s stock valued at $20,807,000 after acquiring an additional 3,432,999 shares during the last quarter. Marshall Wace North America L.P. raised its stake in shares of Sirius XM by 535.4% in the second quarter. Marshall Wace North America L.P. now owns 3,404,647 shares of the company’s stock valued at $17,023,000 after acquiring an additional 2,868,784 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Sirius XM by 22.5% in the second quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock valued at $72,524,000 after acquiring an additional 2,436,197 shares during the last quarter. Institutional investors own 19.65% of the company’s stock.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $5.64 on Friday. 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 cap of $25,874.47, a P/E ratio of 31.28, 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 issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted $0.04 earnings per share. Sirius XM’s revenue for the quarter was up 8.0% compared to the same quarter last year. research analysts expect that Sirius XM Holdings Inc. will post 0.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were issued a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Wednesday, November 8th. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s payout ratio is currently 22.22%.
In other Sirius XM news, EVP Patrick L. Donnelly sold 1,374,479 shares of Sirius XM stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the completion of the sale, the executive vice president now owns 227,430 shares of the company’s stock, valued at approximately $1,296,351. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by insiders.
SIRI has been the subject of a number of research analyst reports. KeyCorp reiterated a “hold” rating on shares of Sirius XM in a research note on Friday, August 25th. Royal Bank Of Canada initiated coverage on shares of Sirius XM in a research note on Friday, September 15th. They issued a “sector perform” rating and a $6.00 target price for the company. Zacks Investment Research cut shares of Sirius XM from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Bank of America set a $7.00 target price on shares of Sirius XM and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM and gave the company a “buy” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $6.01.
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Sirius XM Company 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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