Sirius XM Holdings Inc (SIRI) Position Raised by ING Groep NV

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ING Groep NV increased its holdings in Sirius XM Holdings Inc (NASDAQ:SIRI) by 3,831.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 618,029 shares of the company’s stock after buying an additional 602,307 shares during the quarter. ING Groep NV’s holdings in Sirius XM were worth $4,184,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Sirius XM by 5.7% during the second quarter. BlackRock Inc. now owns 78,163,054 shares of the company’s stock valued at $529,167,000 after buying an additional 4,249,152 shares during the last quarter. FMR LLC raised its position in shares of Sirius XM by 8.8% during the second quarter. FMR LLC now owns 52,096,871 shares of the company’s stock valued at $352,695,000 after buying an additional 4,200,422 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Sirius XM by 2.2% during the second quarter. Eagle Asset Management Inc. now owns 16,900,331 shares of the company’s stock valued at $114,415,000 after buying an additional 365,343 shares during the last quarter. Carillon Tower Advisers Inc. raised its position in shares of Sirius XM by 4.5% during the second quarter. Carillon Tower Advisers Inc. now owns 11,697,707 shares of the company’s stock valued at $79,193,000 after buying an additional 501,219 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Sirius XM by 3.1% in the first quarter. Legal & General Group Plc now owns 7,358,258 shares of the company’s stock worth $45,892,000 after purchasing an additional 218,455 shares during the last quarter. 18.51% of the stock is currently owned by institutional investors.

In related news, EVP Dara F. Altman sold 387,696 shares of the stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $7.49, for a total value of $2,903,843.04. Following the completion of the transaction, the executive vice president now directly owns 2,010,556 shares of the company’s stock, valued at approximately $15,059,064.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Cook sold 415,502 shares of the stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $7.20, for a total value of $2,991,614.40. Following the completion of the transaction, the executive vice president now directly owns 1,988,300 shares of the company’s stock, valued at $14,315,760. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Shares of SIRI traded down $0.06 during mid-day trading on Friday, hitting $7.13. 14,010,486 shares of the company traded hands, compared to its average volume of 12,036,177. Sirius XM Holdings Inc has a 1-year low of $5.17 and a 1-year high of $7.70. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of -4.70. The company has a market cap of $31.98 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. Sirius XM had a net margin of 14.68% and a negative return on equity of 78.24%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company earned $0.04 EPS. Sirius XM’s quarterly revenue was up 6.3% on a year-over-year basis. research analysts anticipate that Sirius XM Holdings Inc will post 0.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 10th were given a $0.011 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.04 annualized dividend and a yield of 0.62%. Sirius XM’s dividend payout ratio is presently 20.00%.

Several equities research analysts recently weighed in on SIRI shares. Barclays cut shares of Sirius XM from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Tuesday, June 26th. BidaskClub raised shares of Sirius XM from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 16th. Bank of America lifted their price objective on shares of Sirius XM from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Zacks Investment Research lowered shares of Sirius XM from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Finally, Pivotal Research lowered shares of Sirius XM from a “buy” rating to a “hold” rating and set a $7.75 target price for the company. in a research note on Tuesday, June 19th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.78.

About Sirius XM

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.

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

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