Janus Henderson Group PLC trimmed its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 52.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,308,027 shares of the company’s stock after selling 4,824,307 shares during the quarter. Janus Henderson Group PLC owned 0.09% of Sirius XM worth $23,779,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its position in shares of Sirius XM by 476.2% during the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after acquiring an additional 15,200 shares in the last quarter. Colony Group LLC acquired a new position in shares of Sirius XM during the 2nd quarter worth about $102,000. Toronto Dominion Bank boosted its position in shares of Sirius XM by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after acquiring an additional 1,799 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of Sirius XM by 72.7% during the 3rd quarter. AE Wealth Management LLC now owns 23,579 shares of the company’s stock worth $130,000 after acquiring an additional 9,924 shares in the last quarter. Finally, NewSquare Capital LLC boosted its position in shares of Sirius XM by 377.1% in the 3rd quarter. NewSquare Capital LLC now owns 23,855 shares of the company’s stock valued at $132,000 after purchasing an additional 18,855 shares during the period. 19.57% of the stock is owned by hedge funds and other institutional investors.
In other Sirius XM news, CEO James E. Meyer sold 172,704 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total value of $980,958.72. Following the transaction, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at $19,181,842.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of Sirius XM stock in a transaction dated 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 sale, the executive vice president now directly owns 227,430 shares in the company, valued at $1,296,351. The disclosure for this sale can be found here. Company insiders own 1.06% of the company’s stock.
SIRI has been the subject of a number of research analyst reports. Zacks Investment Research cut Sirius XM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub raised Sirius XM from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Royal Bank of Canada set a $6.00 price objective on Sirius XM and gave the company a “hold” rating in a research note on Thursday. Barrington Research downgraded Sirius XM from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. Finally, Bank of America set a $7.00 price objective on Sirius XM and gave the company a “buy” rating in a research note on Thursday, October 12th. Four analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $5.94.
Sirius XM Holdings Inc. (NASDAQ SIRI) traded down $0.02 during mid-day trading on Friday, hitting $5.48. The stock had a trading volume of 15,780,000 shares, compared to its average volume of 22,710,000. Sirius XM Holdings Inc. has a 1-year low of $4.54 and a 1-year high of $5.89. 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 capitalization of $25,280.00, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data 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 business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share. sell-side analysts forecast that Sirius XM Holdings Inc. will post 0.19 EPS for the current year.
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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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