Canada Pension Plan Investment Board Trims Stake in Sirius XM Holdings Inc. (SIRI)

Canada Pension Plan Investment Board reduced its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 28.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its position in shares of Sirius XM Holdings by 119.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock worth $188,025,000 after acquiring an additional 18,694,885 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Sirius XM Holdings by 3,767.6% in the second quarter. Janus Henderson Group PLC now owns 9,132,334 shares of the company’s stock worth $49,953,000 after acquiring an additional 8,896,209 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Sirius XM Holdings by 925.9% in the second quarter. Principal Financial Group Inc. now owns 3,803,755 shares of the company’s stock worth $20,807,000 after acquiring an additional 3,432,999 shares during the last quarter. Marshall Wace North America L.P. boosted its position in shares of Sirius XM Holdings by 535.4% in the second quarter. Marshall Wace North America L.P. now owns 3,404,647 shares of the company’s stock worth $17,023,000 after acquiring an additional 2,868,784 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Sirius XM Holdings by 22.5% in the second quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock worth $72,524,000 after acquiring an additional 2,436,197 shares during the last quarter. Hedge funds and other institutional investors own 20.28% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://stocknewstimes.com/2017/11/23/sirius-xm-holdings-inc-siri-holdings-trimmed-by-canada-pension-plan-investment-board.html.

Sirius XM Holdings Inc. (NASDAQ SIRI) opened at $5.44 on Thursday. The company has a market cap of $25,090.00, a PE ratio of 30.33, a PEG ratio of 1.75 and a beta of 1.13. Sirius XM Holdings Inc. has a 12-month low of $4.22 and a 12-month high of $5.89. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of -6.41.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a $0.011 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.04 annualized dividend and a yield of 0.81%. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s dividend payout ratio is presently 22.22%.

Several research firms recently issued reports on SIRI. Macquarie reissued a “buy” rating and issued a $6.00 target price (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Gabelli raised their target price on shares of Sirius XM Holdings from $4.75 to $6.10 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Royal Bank Of Canada began coverage on shares of Sirius XM Holdings in a research report on Friday, September 15th. They set a “sector perform” rating and a $6.00 price target on the stock. Finally, BidaskClub raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $6.01.

Sirius XM Holdings 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.

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

Receive News & Ratings for Sirius XM Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply