QS Investors LLC decreased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 7.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 911,970 shares of the company’s stock after selling 73,972 shares during the quarter. QS Investors LLC’s holdings in Sirius XM were worth $4,888,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in SIRI. The Manufacturers Life Insurance Company raised its stake in Sirius XM by 13.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 168,477 shares of the company’s stock valued at $922,000 after purchasing an additional 20,156 shares during the last quarter. Nationwide Fund Advisors acquired a new position in Sirius XM in the 3rd quarter valued at about $9,952,000. Crossmark Global Holdings Inc. acquired a new position in Sirius XM in the 3rd quarter valued at about $361,000. Swiss National Bank raised its stake in Sirius XM by 0.5% in the 3rd quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock valued at $33,375,000 after purchasing an additional 27,200 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new position in shares of Sirius XM during the 3rd quarter valued at about $204,000. 20.02% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Sirius XM from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research note on Wednesday. BidaskClub raised shares of Sirius XM from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 27th. Citigroup downgraded shares of Sirius XM from a “buy” rating to a “neutral” rating and set a $6.65 price objective for the company. in a research note on Thursday, March 22nd. Finally, Goldman Sachs upped their price objective on shares of Sirius XM from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $6.21.
Shares of NASDAQ:SIRI opened at $6.26 on Friday. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.16. Sirius XM Holdings Inc. has a 1 year low of $4.73 and a 1 year high of $6.62. The stock has a market cap of $28,253.83, a PE ratio of 31.30, a PEG ratio of 1.76 and a beta of 1.11.
Sirius XM (NASDAQ:SIRI) last issued its earnings results on Wednesday, January 31st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. Sirius XM had a negative return on equity of 79.79% and a net margin of 11.94%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. sell-side analysts forecast that Sirius XM Holdings Inc. will post 0.24 EPS for the current year.
Sirius XM declared that its board has authorized a share buyback program on Tuesday, January 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In other Sirius XM news, Director Joan Lordi Amble sold 73,961 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was 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 owns 101,174 shares in the company, valued at approximately $657,631. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 1,113,308 shares of company stock valued at $6,822,521. 1.06% of the stock is owned by company insiders.
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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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