Caisse DE Depot ET Placement DU Quebec Trims Holdings in Sirius XM Holdings Inc. (SIRI)

Caisse DE Depot ET Placement DU Quebec lowered its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,200 shares of the company’s stock after selling 150,600 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Sirius XM were worth $1,663,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Carillon Tower Advisers Inc. purchased a new position in shares of Sirius XM in the 4th quarter worth about $53,443,000. American Century Companies Inc. raised its holdings in shares of Sirius XM by 27.6% in the 4th quarter. American Century Companies Inc. now owns 44,612,437 shares of the company’s stock worth $239,123,000 after purchasing an additional 9,657,090 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sirius XM by 20.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 43,824,751 shares of the company’s stock worth $234,901,000 after purchasing an additional 7,449,602 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Sirius XM in the 4th quarter worth about $26,702,000. Finally, APG Asset Management N.V. raised its holdings in shares of Sirius XM by 18.1% during the 4th quarter. APG Asset Management N.V. now owns 13,210,562 shares of the company’s stock valued at $58,968,000 after buying an additional 2,024,500 shares during the period. 20.02% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts recently commented on the company. ValuEngine upgraded Sirius XM from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Wednesday, March 28th. BidaskClub upgraded Sirius XM from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. Citigroup lowered Sirius XM from a “buy” rating to a “neutral” rating and set a $6.65 target price for the company. in a research report on Thursday, March 22nd. Finally, Goldman Sachs boosted their price objective on Sirius XM from $5.00 to $5.50 and gave the company a “buy” rating in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $6.21.

In other Sirius XM news, VP Thomas D. Barry sold 175,777 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.11, for a total value of $1,073,997.47. Following the completion of the transaction, the vice president now owns 551,815 shares of the company’s stock, valued at approximately $3,371,589.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joan Lordi Amble sold 73,961 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $6.50, for a total value of $480,746.50. Following the completion of the transaction, the director now directly owns 101,174 shares of the company’s stock, valued at approximately $657,631. The disclosure for this sale can be found here. Insiders have sold a total of 1,113,308 shares of company stock valued at $6,822,521 in the last three months. 1.06% of the stock is owned by insiders.

Shares of SIRI stock traded down $0.05 on Friday, reaching $6.26. 15,783,169 shares of the company’s stock traded hands, compared to its average volume of 14,879,357. Sirius XM Holdings Inc. has a 12-month low of $4.73 and a 12-month high of $6.62. The company has a market capitalization of $28,343.66, a price-to-earnings ratio of 31.30, a P/E/G ratio of 1.77 and a beta of 1.11. The company has a current ratio of 0.17, a quick ratio of 0.16 and a debt-to-equity ratio of -4.42.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Sirius XM had a negative return on equity of 79.79% and a net margin of 11.94%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. sell-side analysts predict that Sirius XM Holdings Inc. will post 0.24 EPS for the current year.

Sirius XM announced that its board has approved a share buyback program on Tuesday, January 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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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.

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

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