Geode Capital Management LLC decreased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,689,187 shares of the company’s stock after selling 167,067 shares during the period. Geode Capital Management LLC’s holdings in Sirius XM were worth $73,817,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc grew its position in Sirius XM by 4.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after purchasing an additional 5,030,425 shares during the last quarter. Quantbot Technologies LP grew its position in Sirius XM by 66.3% in the 3rd quarter. Quantbot Technologies LP now owns 133,014 shares of the company’s stock worth $3,096,000 after purchasing an additional 53,019 shares during the last quarter. Brighton Jones LLC bought a new position in Sirius XM in the 4th quarter worth about $622,000. Jupiter Asset Management Ltd. bought a new position in Sirius XM in the 3rd quarter worth about $1,223,000. Finally, JPMorgan Chase & Co. grew its position in Sirius XM by 52.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 339,511 shares of the company’s stock worth $7,902,000 after purchasing an additional 117,250 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.
Insider Buying and Selling at Sirius XM
In other news, insider Scott Andrew Greenstein sold 20,744 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total value of $618,793.52. Following the transaction, the insider owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.27% of the stock is owned by corporate insiders.
Sirius XM Price Performance
Sirius XM (NASDAQ:SIRI – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.Sirius XM’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.
Sirius XM Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, May 11th. Sirius XM’s payout ratio is 45.57%.
Analyst Upgrades and Downgrades
Several research firms have commented on SIRI. UBS Group set a $24.00 target price on shares of Sirius XM in a research report on Tuesday, February 10th. Rosenblatt Securities decreased their target price on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. JPMorgan Chase & Co. increased their price objective on shares of Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Guggenheim reiterated a “buy” rating and issued a $34.00 price objective (up from $29.00) on shares of Sirius XM in a report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.45.
Read Our Latest Stock Analysis on SIRI
Sirius XM Company Profile
Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.
Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.
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