Chicago Equity Partners LLC raised its holdings in Sirius XM Holdings Inc (NASDAQ:SIRI) by 945.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 488,180 shares of the company’s stock after purchasing an additional 441,495 shares during the quarter. Chicago Equity Partners LLC’s holdings in Sirius XM were worth $3,085,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. V Wealth Management LLC purchased a new stake in Sirius XM in the second quarter valued at $108,000. Burney Co. purchased a new stake in Sirius XM in the second quarter valued at $108,000. OppenheimerFunds Inc. purchased a new stake in Sirius XM in the second quarter valued at $109,000. BTR Capital Management Inc. acquired a new position in shares of Sirius XM in the third quarter worth about $104,000. Finally, Verition Fund Management LLC acquired a new position in shares of Sirius XM in the second quarter worth about $111,000. 18.61% of the stock is currently owned by institutional investors.
SIRI opened at $6.21 on Friday. 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 $28.48 billion, a P/E ratio of 31.05, a P/E/G ratio of 1.61 and a beta of 1.04.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Wednesday, October 24th. The company reported $0.07 earnings per share for the quarter, topping the 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 quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts forecast that Sirius XM Holdings Inc will post 0.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 9th will be given a dividend of $0.0121 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, November 8th. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio is 20.00%.
A number of research analysts have weighed in on SIRI shares. Barrington Research reiterated a “buy” rating and issued a $8.00 price objective on shares of Sirius XM in a research report on Monday, September 24th. BidaskClub upgraded shares of Sirius XM from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Zacks Investment Research downgraded shares of Sirius XM from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. MKM Partners upped their price objective on shares of Sirius XM from $8.00 to $9.15 and gave the stock a “neutral” rating in a research report on Thursday, September 27th. Finally, Macquarie reiterated a “buy” rating and issued a $7.75 price objective on shares of Sirius XM in a research report on Thursday, September 20th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.83.
Sirius XM Company Profile
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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