Sirius XM Holdings Inc. (NASDAQ:SIRI) posted its quarterly earnings data on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04, MarketWatch Earnings reports. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sirius XM Holdings had a net margin of 15.24% and a negative return on equity of 104.00%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 EPS.

Shares of Sirius XM Holdings (NASDAQ:SIRI) traded up 8.16% during midday trading on Thursday, reaching $5.83. The company had a trading volume of 73,162,959 shares. The company has a 50 day moving average of $5.34 and a 200 day moving average of $5.08. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 36.44 and a beta of 1.11. Sirius XM Holdings has a 12-month low of $4.05 and a 12-month high of $5.89. Sirius XM Holdings also was the recipient of unusually large options trading on Monday. Traders bought 38,151 put options on the stock. This is an increase of approximately 1,646% compared to the typical daily volume of 2,185 put options.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio is currently 26.67%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Concorde Asset Management LLC bought a new position in Sirius XM Holdings during the first quarter valued at approximately $128,000. State of Alaska Department of Revenue bought a new position in Sirius XM Holdings during the first quarter valued at approximately $544,000. Nisa Investment Advisors LLC increased its position in Sirius XM Holdings by 18.1% in the first quarter. Nisa Investment Advisors LLC now owns 232,026 shares of the company’s stock valued at $1,195,000 after buying an additional 35,572 shares during the period. DnB Asset Management AS increased its position in Sirius XM Holdings by 10.1% in the first quarter. DnB Asset Management AS now owns 198,715 shares of the company’s stock valued at $1,023,000 after buying an additional 18,300 shares during the period. Finally, Atria Investments LLC increased its position in Sirius XM Holdings by 26.0% in the first quarter. Atria Investments LLC now owns 66,208 shares of the company’s stock valued at $341,000 after buying an additional 13,666 shares during the period. 22.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on SIRI. Vetr downgraded shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 price objective on the stock. in a report on Monday, July 17th. Barclays PLC set a $5.00 price objective on shares of Sirius XM Holdings and gave the stock a “hold” rating in a report on Sunday, April 30th. Macquarie reaffirmed a “buy” rating and set a $6.00 price objective on shares of Sirius XM Holdings in a report on Thursday. Zacks Investment Research raised shares of Sirius XM Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $5.50 target price on shares of Sirius XM Holdings in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Sirius XM Holdings presently has a consensus rating of “Buy” and an average target price of $5.26.

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Sirius XM Holdings 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.

Earnings History for Sirius XM Holdings (NASDAQ:SIRI)

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