Deltec Asset Management LLC continued to hold its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the company’s stock at the end of the second quarter. Deltec Asset Management LLC’s holdings in Sirius XM Holdings were worth $109,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC increased its position in Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock valued at $102,000 after buying an additional 300 shares in the last quarter. Altfest L J & Co. Inc. purchased a new position in Sirius XM Holdings during the first quarter valued at about $105,000. Greenwich Wealth Management LLC purchased a new position in Sirius XM Holdings during the first quarter valued at about $108,000. Concorde Asset Management LLC purchased a new position in Sirius XM Holdings during the first quarter valued at about $128,000. Finally, TrimTabs Asset Management LLC increased its position in Sirius XM Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 25,348 shares of the company’s stock valued at $131,000 after buying an additional 11,928 shares in the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) traded down 0.72% during trading on Tuesday, hitting $5.55. The stock had a trading volume of 21,644,178 shares. Sirius XM Holdings Inc. has a 1-year low of $4.05 and a 1-year high of $5.89. The company has a market capitalization of $25.60 billion, a P/E ratio of 32.65 and a beta of 1.11. The firm has a 50-day moving average of $5.44 and a 200 day moving average of $5.13.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.04 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts predict that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is 25.00%.
SIRI has been the topic of a number of analyst reports. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.28 price target on the stock in a research note on Tuesday, June 20th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Morgan Stanley downgraded Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 price target on the stock. in a research note on Wednesday, April 19th. Piper Jaffray Companies set a $7.00 price target on Sirius XM Holdings and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Macquarie reissued an “outperform” rating and issued a $5.85 price target on shares of Sirius XM Holdings in a research note on Thursday, April 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $5.73.
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.
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