Sandy Spring Bank trimmed its position in Sirius XM Holdings Inc (NASDAQ:SIRI) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,500 shares of the company’s stock after selling 4,270 shares during the quarter. Sandy Spring Bank’s holdings in Sirius XM were worth $185,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of Sirius XM by 20.2% in the second quarter. Invesco Ltd. now owns 48,900,561 shares of the company’s stock worth $272,864,000 after purchasing an additional 8,221,787 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Sirius XM by 6.0% in the 3rd quarter. California Public Employees Retirement System now owns 12,690,080 shares of the company’s stock valued at $79,376,000 after purchasing an additional 714,051 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Sirius XM by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,733,047 shares of the company’s stock valued at $43,151,000 after purchasing an additional 211,410 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Sirius XM in the 2nd quarter valued at approximately $39,980,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Sirius XM by 0.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 6,777,414 shares of the company’s stock valued at $37,818,000 after purchasing an additional 32,642 shares during the last quarter. 18.83% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Sirius XM from a “sell” rating to a “hold” rating and set a $7.25 price objective for the company in a research report on Monday. BidaskClub raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research report on Tuesday. ValuEngine raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley set a $7.50 price target on shares of Sirius XM and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Benchmark started coverage on shares of Sirius XM in a research report on Wednesday, October 9th. They set a “hold” rating and a $8.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $7.45.

In other news, Director David Zaslav sold 77,747 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $6.78, for a total transaction of $527,124.66. Following the sale, the director now owns 145,246 shares of the company’s stock, valued at approximately $984,767.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Andrew Greenstein sold 231,992 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $6.77, for a total transaction of $1,570,585.84. Following the sale, the insider now directly owns 945,740 shares in the company, valued at approximately $6,402,659.80. The disclosure for this sale can be found here. 0.93% of the stock is owned by company insiders.

SIRI opened at $6.80 on Friday. Sirius XM Holdings Inc has a 12-month low of $5.23 and a 12-month high of $6.88. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 46.63. The firm has a market capitalization of $30.21 billion, a PE ratio of 26.15, a P/E/G ratio of 2.65 and a beta of 1.03. The firm has a 50 day moving average of $6.42 and a two-hundred day moving average of $6.02.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Sirius XM had a negative return on equity of 129.67% and a net margin of 12.76%. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. As a group, analysts predict that Sirius XM Holdings Inc will post 0.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.0133 per share. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, November 7th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.78%. Sirius XM’s dividend payout ratio (DPR) is presently 19.23%.

About Sirius XM

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

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

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