Swiss National Bank reduced its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 5,976,358 shares of the company’s stock after selling 69,900 shares during the period. Swiss National Bank’s holdings in Sirius XM were worth $32,033,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of SIRI. Macquarie Group Ltd. lifted its holdings in shares of Sirius XM by 476.2% in the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock valued at $101,000 after purchasing an additional 15,200 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Sirius XM by 9.7% in the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after purchasing an additional 1,799 shares during the last quarter. Cornerstone Financial Partners LLC purchased a new stake in shares of Sirius XM in the 4th quarter valued at about $113,000. Kalos Management Inc. purchased a new stake in shares of Sirius XM in the 3rd quarter valued at about $114,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Sirius XM in the 4th quarter valued at about $115,000. 20.35% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on SIRI. Gabelli upped their price objective on Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a research note on Thursday, October 26th. BidaskClub raised Sirius XM from a “strong sell” rating to a “sell” rating in a research note on Friday, January 26th. Zacks Investment Research downgraded Sirius XM from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. downgraded Sirius XM from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $5.36 to $5.00 in a research note on Tuesday, January 2nd. Finally, Deutsche Bank raised Sirius XM from a “hold” rating to a “buy” rating and upped their price objective for the company from $5.25 to $6.50 in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Sirius XM has a consensus rating of “Buy” and an average price target of $6.12.
Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $6.11 on Monday. The stock has a market capitalization of $27,445.29, a P/E ratio of 32.16, a PEG ratio of 1.71 and a beta of 1.17. Sirius XM Holdings Inc. has a one year low of $4.73 and a one year high of $6.28. The company has a debt-to-equity ratio of -4.42, a quick ratio of 0.16 and a current ratio of 0.17.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, February 6th. Sirius XM’s dividend payout ratio (DPR) is 30.77%.
Sirius XM declared that its Board of Directors has initiated a share repurchase program on Tuesday, January 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
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About Sirius XM
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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