Sirius XM Holdings Inc (SIRI) Holdings Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 63.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,009 shares of the company’s stock after selling 220,057 shares during the period. PNC Financial Services Group Inc.’s holdings in Sirius XM were worth $809,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Sirius XM by 5.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 169,677 shares of the company’s stock worth $1,073,000 after buying an additional 8,458 shares during the last quarter. Buckingham Asset Management LLC lifted its position in shares of Sirius XM by 16.6% in the 3rd quarter. Buckingham Asset Management LLC now owns 67,088 shares of the company’s stock worth $424,000 after buying an additional 9,529 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Sirius XM by 82.2% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 22,628 shares of the company’s stock worth $143,000 after buying an additional 10,207 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Sirius XM by 2.7% in the 3rd quarter. CIBC Asset Management Inc now owns 406,890 shares of the company’s stock worth $2,572,000 after buying an additional 10,548 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of Sirius XM by 129.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 21,963 shares of the company’s stock worth $149,000 after buying an additional 12,400 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on SIRI. Credit Suisse Group restated a “neutral” rating and issued a $7.50 price target (down from $8.50) on shares of Sirius XM in a research report on Tuesday, September 25th. Zacks Investment Research downgraded shares of Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. BidaskClub downgraded shares of Sirius XM from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. ValuEngine downgraded shares of Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Pivotal Research reiterated a “hold” rating and issued a $7.00 price objective on shares of Sirius XM in a research report on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $6.85.

Shares of NASDAQ:SIRI opened at $6.17 on Friday. The stock has a market capitalization of $28.03 billion, a P/E ratio of 30.85, a PEG ratio of 1.59 and a beta of 1.06. Sirius XM Holdings Inc has a fifty-two week low of $5.17 and a fifty-two week high of $7.70.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. Sirius XM had a net margin of 15.64% and a negative return on equity of 78.49%. Sirius XM’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. On average, equities analysts predict that Sirius XM Holdings Inc will post 0.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 9th were given a $0.0121 dividend. The ex-dividend date was Thursday, November 8th. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a yield of 0.78%. Sirius XM’s dividend payout ratio (DPR) is currently 25.00%.

WARNING: This report was first posted by WKRB News and is the property of of WKRB News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.wkrb13.com/2018/12/16/sirius-xm-holdings-inc-siri-holdings-trimmed-by-pnc-financial-services-group-inc.html.

Sirius XM Company 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.

Featured Article: The Role of a Fiduciary and Individual Investors

Want to see what other hedge funds are holding SIRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sirius XM Holdings Inc (NASDAQ:SIRI).

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

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

Leave a Reply