Huntington National Bank raised its stake in Sirius XM Holdings Inc (NASDAQ:SIRI) by 18.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,956 shares of the company’s stock after buying an additional 2,756 shares during the quarter. Huntington National Bank’s holdings in Sirius XM were worth $112,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in Sirius XM in the 2nd quarter valued at approximately $29,000. Rockefeller Capital Management L.P. grew its position in Sirius XM by 533.0% in the second quarter. Rockefeller Capital Management L.P. now owns 5,393 shares of the company’s stock worth $30,000 after acquiring an additional 4,541 shares in the last quarter. Coastal Capital Group Inc. bought a new stake in Sirius XM in the second quarter worth approximately $32,000. Westside Investment Management Inc. bought a new stake in Sirius XM in the second quarter worth approximately $37,000. Finally, Manchester Financial Inc. bought a new stake in Sirius XM in the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 18.83% of the company’s stock.
Shares of NASDAQ SIRI traded up $0.05 during trading hours on Friday, hitting $6.85. 15,187,700 shares of the stock were exchanged, compared to its average volume of 24,124,141. The firm has a market capitalization of $30.21 billion, a P/E ratio of 26.35, a P/E/G ratio of 2.65 and a beta of 1.03. The company has a debt-to-equity ratio of 46.63, a current ratio of 0.29 and a quick ratio of 0.28. The company’s 50 day moving average is $6.43 and its 200 day moving average is $6.02. Sirius XM Holdings Inc has a one year low of $5.23 and a one year high of $6.88.
Sirius XM (NASDAQ:SIRI) last announced its 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. Sirius XM had a negative return on equity of 129.67% and a net margin of 12.76%. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. Research analysts anticipate that Sirius XM Holdings Inc will post 0.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be given a dividend of $0.0133 per share. 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%. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio (DPR) is 19.23%.
Several research firms have commented on SIRI. ValuEngine raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research report on Wednesday. Barrington Research reissued a “buy” rating and issued a $8.00 target price on shares of Sirius XM in a research report on Thursday, October 31st. BidaskClub raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Benchmark began coverage on shares of Sirius XM in a research report on Wednesday, October 9th. They issued a “hold” rating and a $8.00 target price for the company. Finally, Zacks Investment Research raised shares of Sirius XM from a “sell” rating to a “hold” rating and set a $7.25 target price for the company in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $7.45.
In other Sirius XM news, Director David Zaslav sold 77,747 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $6.78, for a total value of $527,124.66. Following the completion of the sale, the director now owns 145,246 shares in the company, valued at approximately $984,767.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Andrew Greenstein sold 231,992 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $6.77, for a total transaction of $1,570,585.84. Following the completion of the sale, the insider now owns 945,740 shares of the company’s stock, valued at approximately $6,402,659.80. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.
Sirius XM Company Profile
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.
Recommended Story: Inverted Yield Curve
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).
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.