HighPoint Advisor Group LLC Maintains Stake in Sirius XM Holdings Inc. (SIRI)

HighPoint Advisor Group LLC maintained its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 135,364 shares of the company’s stock at the close of the second quarter. HighPoint Advisor Group LLC’s holdings in Sirius XM Holdings were worth $753,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Chiron Investment Management LLC increased its stake in Sirius XM Holdings by 143.9% during the 2nd quarter. Chiron Investment Management LLC now owns 2,709,646 shares of the company’s stock valued at $14,822,000 after purchasing an additional 1,598,500 shares in the last quarter. Scotia Capital Inc. increased its stake in Sirius XM Holdings by 0.8% during the 2nd quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock valued at $139,000 after purchasing an additional 206 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Sirius XM Holdings by 13.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 965,178 shares of the company’s stock valued at $5,280,000 after purchasing an additional 112,709 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Sirius XM Holdings by 13.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 168,477 shares of the company’s stock valued at $922,000 after purchasing an additional 20,156 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Sirius XM Holdings by 119.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock valued at $188,025,000 after purchasing an additional 18,694,885 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

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Sirius XM Holdings Inc. (NASDAQ:SIRI) traded up 0.52% during mid-day trading on Thursday, hitting $5.75. 9,753,432 shares of the stock were exchanged. Sirius XM Holdings Inc. has a 52-week low of $4.05 and a 52-week high of $5.89. The firm has a market cap of $26.52 billion, a price-to-earnings ratio of 33.82 and a beta of 1.07. The company has a 50 day moving average price of $5.57 and a 200 day moving average price of $5.33.

Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS. On average, analysts anticipate that Sirius XM Holdings Inc. will post $0.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be paid a $0.011 dividend. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, November 8th. Sirius XM Holdings’s payout ratio is currently 25.00%.

A number of research analysts have issued reports on SIRI shares. Vetr upgraded shares of 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. KeyCorp restated a “hold” rating on shares of Sirius XM Holdings in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. BidaskClub upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Finally, Piper Jaffray Companies set a $7.00 price target on shares of Sirius XM Holdings and gave the company a “buy” rating in a research note on Thursday, July 27th. Two investment analysts have 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 company. Sirius XM Holdings presently has an average rating of “Buy” and an average target price of $5.92.

About Sirius XM Holdings

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 Holdings (NASDAQ:SIRI)

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