Janus Henderson Group PLC raised its position in Sirius XM Holdings Inc (NASDAQ:SIRI) by 363.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,057,019 shares of the company’s stock after acquiring an additional 3,182,187 shares during the period. Janus Henderson Group PLC owned approximately 0.09% of Sirius XM worth $25,639,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SIRI. Wells Fargo & Company MN lifted its stake in shares of Sirius XM by 152.1% in the 3rd quarter. Wells Fargo & Company MN now owns 7,486,133 shares of the company’s stock worth $47,312,000 after acquiring an additional 4,516,550 shares during the period. BlackRock Inc. lifted its stake in shares of Sirius XM by 5.7% in the 2nd quarter. BlackRock Inc. now owns 78,163,054 shares of the company’s stock worth $529,167,000 after acquiring an additional 4,249,152 shares during the period. FMR LLC lifted its stake in shares of Sirius XM by 8.8% in the 2nd quarter. FMR LLC now owns 52,096,871 shares of the company’s stock worth $352,695,000 after acquiring an additional 4,200,422 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Sirius XM by 382.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,895,313 shares of the company’s stock worth $33,141,000 after acquiring an additional 3,881,157 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Sirius XM by 817.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,110,000 shares of the company’s stock worth $27,825,000 after acquiring an additional 3,661,900 shares during the period. Institutional investors own 17.31% of the company’s stock.
NASDAQ:SIRI opened at $6.19 on Thursday. Sirius XM Holdings Inc has a twelve month low of $5.17 and a twelve month high of $7.70. The stock has a market cap of $27.98 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06.
Sirius XM (NASDAQ:SIRI) last posted its earnings results on Wednesday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Sirius XM had a net margin of 15.64% and a negative return on equity of 78.49%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities research analysts anticipate that Sirius XM Holdings Inc will post 0.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 9th were issued a dividend of $0.0121 per share. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, November 8th. Sirius XM’s dividend payout ratio (DPR) is 25.00%.
Several analysts recently commented on SIRI shares. Macquarie reiterated a “buy” rating and issued a $7.75 price objective on shares of Sirius XM in a research note on Thursday, September 20th. BidaskClub upgraded shares of Sirius XM from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Barrington Research reiterated a “buy” rating and issued a $8.00 price objective on shares of Sirius XM in a research note on Monday, September 24th. Zacks Investment Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Monday, October 8th. Finally, Pivotal Research reiterated a “hold” rating and issued a $7.00 price objective on shares of Sirius XM in a research note on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Sirius XM currently has a consensus rating of “Hold” and an average target price of $6.85.
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About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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