Sirius XM Holdings Inc. (SIRI) Holdings Trimmed by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 28.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 999,345 shares of the company’s stock after selling 388,400 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Sirius XM Holdings were worth $5,516,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. raised its position in Sirius XM Holdings by 21.3% in the 2nd quarter. Victory Capital Management Inc. now owns 361,743 shares of the company’s stock worth $1,979,000 after buying an additional 63,445 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Sirius XM Holdings by 17.2% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 533,483 shares of the company’s stock worth $2,918,000 after buying an additional 78,260 shares during the last quarter. Legal & General Group Plc raised its position in Sirius XM Holdings by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock worth $41,726,000 after buying an additional 111,962 shares during the last quarter. Engineers Gate Manager LP raised its position in Sirius XM Holdings by 603.6% in the 2nd quarter. Engineers Gate Manager LP now owns 97,890 shares of the company’s stock worth $535,000 after buying an additional 83,978 shares during the last quarter. Finally, Pitcairn Co. raised its position in Sirius XM Holdings by 1.3% in the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the last quarter. 20.36% of the stock is owned by institutional investors and hedge funds.

SIRI has been the subject of a number of recent analyst reports. Piper Jaffray Companies set a $7.00 target price on Sirius XM Holdings and gave the stock a “buy” rating in a research report on Thursday, July 27th. Bank of America Corporation set a $7.00 target price on Sirius XM Holdings and gave the stock a “buy” rating in a research report on Thursday, October 12th. Royal Bank Of Canada began coverage on Sirius XM Holdings in a research report on Friday, September 15th. They issued a “sector perform” rating and a $6.00 target price for the company. Macquarie restated a “buy” rating and set a $6.00 price target (up from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Finally, Pivotal Research restated a “buy” rating and set a $6.80 price target (up from $6.25) on shares of Sirius XM Holdings in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $6.01.

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Sirius XM Holdings Inc. (NASDAQ SIRI) opened at $5.50 on Tuesday. The stock has a market capitalization of $24,541.68, a P/E ratio of 29.67, a P/E/G ratio of 1.72 and a beta of 1.13. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19. Sirius XM Holdings Inc. has a 52 week low of $4.22 and a 52 week high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Sirius XM Holdings had a negative return on equity of 93.51% and a net margin of 16.71%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the company posted $0.04 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. research analysts predict that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be paid a $0.011 dividend. This represents a $0.04 annualized dividend and a yield of 0.80%. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, November 8th. Sirius XM Holdings’s dividend payout ratio is presently 22.22%.

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.

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Institutional Ownership by Quarter for Sirius XM Holdings (NASDAQ:SIRI)

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