Wells Fargo & Company MN grew its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,232,585 shares of the company’s stock after acquiring an additional 52,900 shares during the quarter. Wells Fargo & Company MN owned 0.07% of Sirius XM worth $17,844,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Sirius XM by 21.3% in the 2nd quarter. Victory Capital Management Inc. now owns 361,743 shares of the company’s stock worth $1,979,000 after purchasing an additional 63,445 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Sirius XM by 17.2% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 533,483 shares of the company’s stock worth $2,918,000 after purchasing an additional 78,260 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Sirius XM by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock worth $41,726,000 after purchasing an additional 111,962 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of Sirius XM by 603.6% in the 2nd quarter. Engineers Gate Manager LP now owns 97,890 shares of the company’s stock worth $535,000 after purchasing an additional 83,978 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Sirius XM by 0.5% during the third quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock worth $33,375,000 after acquiring an additional 27,200 shares in the last quarter. 19.57% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the company. Gabelli lifted their target price on Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Thursday, November 2nd. BidaskClub downgraded Sirius XM from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Royal Bank of Canada began coverage on Sirius XM in a research report on Friday, September 15th. They set a “sector perform” rating and a $6.00 price target on the stock. Finally, JPMorgan Chase & Co. downgraded Sirius XM from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $5.36 to $5.00 in a research report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $5.94.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) traded down $0.05 on Thursday, reaching $5.50. 24,970,000 shares of the company’s stock traded hands, compared to its average volume of 22,390,000. Sirius XM Holdings Inc. has a 1-year low of $4.52 and a 1-year high of $5.89. The firm has a market capitalization of $25,530.00, a P/E ratio of 30.56, a P/E/G ratio of 1.58 and a beta of 1.12. 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 (NASDAQ:SIRI) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. equities analysts expect that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.
In related news, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the completion of the sale, the executive vice president now directly owns 227,430 shares in the company, valued at $1,296,351. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James E. Meyer sold 172,704 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value of $980,958.72. Following the completion of the sale, the chief executive officer now owns 3,377,085 shares of the company’s stock, valued at $19,181,842.80. The disclosure for this sale can be found here. Corporate insiders own 1.06% of the company’s stock.
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Sirius XM 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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