Sirius XM Holdings Inc. (SIRI) Stake Increased by Barings LLC
Barings LLC lifted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 369.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,200 shares of the company’s stock after buying an additional 117,400 shares during the quarter. Barings LLC’s holdings in Sirius XM were worth $824,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in SIRI. Macquarie Group Ltd. grew its position in shares of Sirius XM by 476.2% during the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after buying an additional 15,200 shares during the period. Pitcairn Co. grew its position in shares of Sirius XM by 1.3% during 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 period. Colony Group LLC acquired a new stake in shares of Sirius XM during the 2nd quarter worth approximately $102,000. Toronto Dominion Bank grew its position in shares of Sirius XM by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after buying an additional 1,799 shares during the period. Finally, Advisor Partners LLC lifted its holdings in shares of Sirius XM by 103.7% in the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after purchasing an additional 11,938 shares in the last quarter. 19.65% of the stock is owned by institutional investors.
Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $5.61 on Tuesday. 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 $4.28 and a 52 week high of $5.89. The firm has a market capitalization of $25,460.84, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 1.77 and a beta of 1.12.
Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the business earned $0.04 EPS. The business’s revenue was up 8.0% on a year-over-year basis. equities research analysts anticipate that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were paid a dividend of $0.011 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 22.22%.
A number of brokerages recently issued reports on SIRI. B. Riley reiterated a “buy” rating on shares of Sirius XM in a report on Wednesday, November 1st. Zacks Investment Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Thursday, November 2nd. Gabelli increased their target price on Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a report on Thursday, October 26th. Pivotal Research reiterated a “buy” rating and issued a $6.80 target price (up from $6.25) on shares of Sirius XM in a report on Wednesday, October 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $6.00 target price on shares of Sirius XM in a report on Wednesday, October 18th. One research 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 company’s stock. The stock currently has an average rating of “Buy” and an average target price of $6.01.
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About Sirius XM
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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