Quantbot Technologies LP acquired a new position in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 347,691 shares of the company’s stock, valued at approximately $2,197,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BTR Capital Management Inc. purchased a new stake in shares of Sirius XM during the 3rd quarter worth $104,000. Burney Co. purchased a new stake in shares of Sirius XM during the 2nd quarter worth $108,000. OppenheimerFunds Inc. purchased a new stake in shares of Sirius XM during the 2nd quarter worth $109,000. Verition Fund Management LLC purchased a new stake in shares of Sirius XM during the 2nd quarter worth $111,000. Finally, Fort L.P. purchased a new stake in shares of Sirius XM during the 2nd quarter worth $116,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.
Sirius XM stock opened at $6.32 on Friday. Sirius XM Holdings Inc has a one year low of $5.17 and a one year high of $7.70. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 1.60 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 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Sirius XM had a negative return on equity of 78.49% and a net margin of 15.64%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business posted $0.06 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Sirius XM Holdings Inc will post 0.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 9th will be paid a $0.0121 dividend. The ex-dividend date is Thursday, November 8th. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 dividend on an annualized basis and a yield of 0.77%. Sirius XM’s dividend payout ratio (DPR) is 25.00%.
A number of brokerages recently weighed in on SIRI. BidaskClub upgraded Sirius XM from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Macquarie restated a “buy” rating and set a $7.75 price objective on shares of Sirius XM in a research note on Thursday, September 20th. Morgan Stanley upped their price objective on Sirius XM from $6.00 to $6.20 and gave the stock an “underweight” rating in a research note on Monday, August 6th. MKM Partners upped their price objective on Sirius XM from $8.00 to $9.15 and gave the stock a “neutral” rating in a research note on Thursday, September 27th. Finally, Zacks Investment Research cut Sirius XM from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Sirius XM presently has an average rating of “Hold” and an average target price of $6.82.
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Sirius XM 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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