Cubist Systematic Strategies LLC Reduces Holdings in Sirius XM Holdings Inc. (SIRI)

Cubist Systematic Strategies LLC lowered its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 56.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,016 shares of the company’s stock after selling 68,778 shares during the period. Cubist Systematic Strategies LLC’s holdings in Sirius XM Holdings were worth $285,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SIRI. Ameriprise Financial Inc. increased its holdings in shares of Sirius XM Holdings by 0.8% in the first quarter. Ameriprise Financial Inc. now owns 225,013 shares of the company’s stock valued at $1,159,000 after buying an additional 1,753 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Sirius XM Holdings by 3.6% in the first quarter. Teachers Advisors LLC now owns 1,683,130 shares of the company’s stock valued at $8,668,000 after buying an additional 58,924 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Sirius XM Holdings by 51.6% in the first quarter. PNC Financial Services Group Inc. now owns 111,647 shares of the company’s stock valued at $574,000 after buying an additional 38,013 shares in the last quarter. Morgan Stanley increased its holdings in shares of Sirius XM Holdings by 52.9% in the first quarter. Morgan Stanley now owns 3,909,839 shares of the company’s stock valued at $20,136,000 after buying an additional 1,353,136 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Sirius XM Holdings by 8.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,506,585 shares of the company’s stock valued at $23,209,000 after buying an additional 353,821 shares in the last quarter. 20.38% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on SIRI shares. Citigroup Inc. upped their price target on Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a report on Monday, August 7th. FBR & Co reaffirmed an “outperform” rating and issued a $6.00 price target (up previously from $5.70) on shares of Sirius XM Holdings in a report on Sunday, July 30th. Vetr cut Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 price target on the stock. in a report on Monday, July 17th. Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $6.00 price target on shares of Sirius XM Holdings in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $6.03.

Sirius XM Holdings Inc. (SIRI) opened at 5.54 on Monday. Sirius XM Holdings Inc. has a 1-year low of $4.09 and a 1-year high of $5.89. The stock has a 50 day moving average of $5.60 and a 200-day moving average of $5.38. The firm has a market capitalization of $25.56 billion, a P/E ratio of 32.59 and a beta of 1.07.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Sirius XM Holdings had a net margin of 16.71% and a negative return on equity of 93.51%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post $0.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.79%. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, November 8th. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 22.22%.

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

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