Livforsakringsbolaget Skandia Omsesidigt Has $176,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Livforsakringsbolaget Skandia Omsesidigt maintained its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,167 shares of the company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sirius XM Holdings were worth $176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. increased its position in Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock worth $422,980,000 after buying an additional 79,871,880 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in Sirius XM Holdings during the first quarter worth approximately $55,871,000. Acadian Asset Management LLC acquired a new position in Sirius XM Holdings during the first quarter worth approximately $29,739,000. Credit Agricole S A increased its position in Sirius XM Holdings by 641.1% in the first quarter. Credit Agricole S A now owns 6,219,924 shares of the company’s stock worth $32,032,000 after buying an additional 5,380,619 shares during the period. Finally, FMR LLC increased its position in Sirius XM Holdings by 12.8% in the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock worth $216,105,000 after buying an additional 4,772,837 shares during the period. 22.03% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Holdings Inc. (SIRI) opened at 5.56 on Monday. Sirius XM Holdings Inc. has a 52-week low of $4.05 and a 52-week high of $5.89. The firm’s 50-day moving average is $5.40 and its 200-day moving average is $5.11. The stock has a market capitalization of $25.65 billion, a price-to-earnings ratio of 32.71 and a beta of 1.11.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts predict that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders 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 0.72%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is 25.00%.

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A number of research analysts have commented on SIRI shares. Macquarie reissued an “outperform” rating and set a $5.85 target price on shares of Sirius XM Holdings in a research report on Thursday, April 13th. Vetr upgraded shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $5.79 price target on the stock in a report on Monday, June 12th. Morgan Stanley cut shares of Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 price target on the stock. in a report on Wednesday, April 19th. Zacks Investment Research cut shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Piper Jaffray Companies set a $7.00 price target on shares of Sirius XM Holdings and gave the company a “buy” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.58.

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.