Magnetar Financial LLC boosted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1,067.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,619 shares of the company’s stock after acquiring an additional 123,086 shares during the quarter. Magnetar Financial LLC’s holdings in Sirius XM were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of SIRI. Sei Investments Co. lifted its position in Sirius XM by 11.8% during the 2nd quarter. Sei Investments Co. now owns 305,563 shares of the company’s stock worth $1,671,000 after acquiring an additional 32,263 shares during the period. Korea Investment CORP lifted its position in Sirius XM by 9.3% during the 2nd quarter. Korea Investment CORP now owns 363,200 shares of the company’s stock worth $1,987,000 after acquiring an additional 31,000 shares during the period. Advisor Partners LLC lifted its position in Sirius XM by 103.7% during the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after acquiring an additional 11,938 shares during the period. Wetherby Asset Management Inc. lifted its position in Sirius XM by 1.6% during the 2nd quarter. Wetherby Asset Management Inc. now owns 44,989 shares of the company’s stock worth $246,000 after acquiring an additional 708 shares during the period. Finally, Boston Partners acquired a new stake in Sirius XM during the 2nd quarter worth approximately $2,478,000. 19.65% of the stock is owned by institutional investors.
SIRI has been the subject of a number of recent research reports. Zacks Investment Research cut Sirius XM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub raised Sirius XM from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Royal Bank of Canada reaffirmed a “hold” rating and set a $6.00 price objective on shares of Sirius XM in a research report on Wednesday, October 18th. Bank of America set a $7.00 price objective on Sirius XM and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, B. Riley reaffirmed a “buy” rating on shares of Sirius XM in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Sirius XM has a consensus rating of “Buy” and a consensus price target of $6.01.
Shares of Sirius XM Holdings Inc. (NASDAQ SIRI) opened at $5.64 on Tuesday. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. The company has a market capitalization of $25,920.42, a P/E ratio of 31.33, a PEG ratio of 1.80 and a beta of 1.12. Sirius XM Holdings Inc. has a 1-year low of $4.40 and a 1-year high of $5.89.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. sell-side analysts anticipate that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were issued a dividend of $0.011 per share. The ex-dividend date was Wednesday, November 8th. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a yield of 0.78%. Sirius XM’s payout ratio is currently 22.22%.
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Sirius XM 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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