Sirius XM Holdings Inc. (SIRI) Stake Cut by UBS Group AG

UBS Group AG lowered its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 20.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,004,959 shares of the company’s stock after selling 256,612 shares during the period. UBS Group AG’s holdings in Sirius XM Holdings were worth $4,190,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of SIRI. Essex Investment Management Co. LLC boosted its position in Sirius XM Holdings by 850.6% in the third quarter. Essex Investment Management Co. LLC now owns 505,731 shares of the company’s stock worth $2,109,000 after buying an additional 452,531 shares during the period. Profund Advisors LLC boosted its position in Sirius XM Holdings by 0.3% in the third quarter. Profund Advisors LLC now owns 278,717 shares of the company’s stock worth $1,162,000 after buying an additional 952 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in Sirius XM Holdings by 5,583.0% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 2,147,392 shares of the company’s stock worth $8,955,000 after buying an additional 2,109,606 shares during the period. Bank of Montreal Can boosted its position in Sirius XM Holdings by 6.1% in the third quarter. Bank of Montreal Can now owns 2,124,457 shares of the company’s stock worth $8,859,000 after buying an additional 121,763 shares during the period. Finally, Rhumbline Advisers boosted its position in Sirius XM Holdings by 2.2% in the third quarter. Rhumbline Advisers now owns 2,009,439 shares of the company’s stock worth $8,379,000 after buying an additional 42,544 shares during the period. Hedge funds and other institutional investors own 22.56% of the company’s stock.

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

Sirius XM Holdings Inc. (NASDAQ:SIRI) traded up 0.53% on Friday, reaching $4.73. 17,518,211 shares of the company were exchanged. The firm has a 50-day moving average of $4.63 and a 200 day moving average of $4.36. The firm has a market capitalization of $22.30 billion, a P/E ratio of 31.53 and a beta of 1.21. Sirius XM Holdings Inc. has a 12-month low of $3.42 and a 12-month high of $4.82.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Sirius XM Holdings had a net margin of 14.81% and a negative return on equity of 112.66%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. On average, equities analysts predict that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 7th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $0.04 annualized dividend and a dividend yield of 0.85%. Sirius XM Holdings’s dividend payout ratio is presently 28.57%.

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SIRI has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. BTIG Research started coverage on shares of Sirius XM Holdings in a research report on Tuesday, November 22nd. They issued a “neutral” rating on the stock. Macquarie reaffirmed a “buy” rating and issued a $5.00 price target on shares of Sirius XM Holdings in a research report on Wednesday, January 11th. Barclays PLC raised their price target on shares of Sirius XM Holdings from $4.60 to $4.90 and gave the company an “overweight” rating in a research report on Tuesday, January 24th. Finally, TheStreet raised shares of Sirius XM Holdings from a “c+” rating to a “b-” rating in a research report on Wednesday, January 25th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Sirius XM Holdings currently has an average rating of “Buy” and a consensus price target of $5.02.

Sirius XM Holdings 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.

5 Day Chart for NASDAQ:SIRI

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).

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