1,802,830 Shares in Sirius XM Holdings Inc. (SIRI) Purchased by Nationwide Fund Advisors

Nationwide Fund Advisors purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,802,830 shares of the company’s stock, valued at approximately $9,952,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Sirius XM by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,433,991 shares of the company’s stock valued at $429,035,000 after acquiring an additional 957,278 shares during the last quarter. FMR LLC increased its stake in shares of Sirius XM by 3.8% in the 2nd quarter. FMR LLC now owns 43,576,316 shares of the company’s stock valued at $238,362,000 after acquiring an additional 1,614,259 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Sirius XM by 119.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock valued at $188,025,000 after acquiring an additional 18,694,885 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Sirius XM by 22.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock valued at $72,524,000 after acquiring an additional 2,436,197 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Sirius XM by 23.8% in the 3rd quarter. APG Asset Management N.V. now owns 11,186,062 shares of the company’s stock valued at $61,747,000 after acquiring an additional 2,147,800 shares during the last quarter. 19.65% of the stock is owned by institutional investors.

Sirius XM Holdings Inc. (NASDAQ SIRI) opened at $5.60 on Thursday. Sirius XM Holdings Inc. has a 12-month low of $4.38 and a 12-month high of $5.89. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19. The firm has a market capitalization of $25,782.55, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the firm posted $0.04 EPS. The business’s revenue was up 8.0% on a year-over-year basis. sell-side analysts expect that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were given a dividend of $0.011 per share. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.79%. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio is 22.22%.

A number of brokerages have recently commented on SIRI. BidaskClub raised Sirius XM from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America set a $7.00 price target on Sirius XM and gave the company a “buy” rating in a research note on Thursday, October 12th. Piper Jaffray Companies set a $7.00 price target on Sirius XM and gave the company a “buy” rating in a research note on Wednesday, October 11th. Pivotal Research reaffirmed a “buy” rating and issued a $6.80 price target (up from $6.25) on shares of Sirius XM in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $6.00 price objective on shares of Sirius XM in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $6.01.

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Sirius XM 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.

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

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