Bp Plc purchased a new stake in Sirius XM Holdings Inc (NASDAQ:SIRI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 165,000 shares of the company’s stock, valued at approximately $1,041,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Worldquant Millennium Quantitative Strategies LLC acquired a new position in Sirius XM in the second quarter valued at approximately $10,441,000. Cambridge Investment Research Advisors Inc. lifted its stake in Sirius XM by 2.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 719,843 shares of the company’s stock valued at $4,873,000 after buying an additional 14,805 shares during the period. Zurich Insurance Group Ltd FI lifted its stake in Sirius XM by 24.0% in the second quarter. Zurich Insurance Group Ltd FI now owns 295,246 shares of the company’s stock valued at $1,999,000 after buying an additional 57,146 shares during the period. NumerixS Investment Technologies Inc lifted its stake in Sirius XM by 246.1% in the second quarter. NumerixS Investment Technologies Inc now owns 249,200 shares of the company’s stock valued at $1,700,000 after buying an additional 177,200 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in Sirius XM in the second quarter valued at approximately $7,454,000. 18.61% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on SIRI shares. MKM Partners boosted their price target on Sirius XM from $8.00 to $9.15 and gave the company a “neutral” rating in a research note on Thursday, September 27th. Zacks Investment Research lowered Sirius XM from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. BidaskClub lowered Sirius XM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Barrington Research reissued a “buy” rating and issued a $8.00 price target on shares of Sirius XM in a research note on Monday, September 24th. Finally, Macquarie reissued a “buy” rating and issued a $7.75 price target on shares of Sirius XM in a research note on Thursday, September 20th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.83.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Sirius XM had a negative return on equity of 78.49% and a net margin of 15.64%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, sell-side analysts expect that Sirius XM Holdings Inc will post 0.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 9th will be issued a dividend of $0.0121 per share. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, November 8th. This represents a $0.05 annualized dividend and a dividend yield of 0.78%. Sirius XM’s payout ratio is currently 20.00%.
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Sirius XM Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to 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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