Essex Investment Management Co. LLC continued to hold its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to its most recent filing with the SEC. The fund owned 53,200 shares of the company’s stock at the end of the second quarter. Essex Investment Management Co. LLC’s holdings in Sirius XM Holdings were worth $210,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Sirius XM Holdings by 2.4% in the first quarter. Geode Capital Management LLC now owns 14,587,449 shares of the company’s stock worth $57,591,000 after buying an additional 341,631 shares in the last quarter. RS Investment Management Co. LLC increased its stake in Sirius XM Holdings by 0.8% in the second quarter. RS Investment Management Co. LLC now owns 15,275,040 shares of the company’s stock worth $60,336,000 after buying an additional 124,330 shares in the last quarter. National Pension Service increased its stake in Sirius XM Holdings by 4.5% in the first quarter. National Pension Service now owns 1,757,085 shares of the company’s stock worth $6,940,000 after buying an additional 75,837 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Sirius XM Holdings during the first quarter worth $1,234,000. Finally, Aperio Group LLC increased its stake in Sirius XM Holdings by 3.2% in the first quarter. Aperio Group LLC now owns 399,288 shares of the company’s stock worth $1,577,000 after buying an additional 12,466 shares in the last quarter. 20.82% of the stock is owned by institutional investors.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) traded up 0.12% during midday trading on Friday, hitting $4.16. The stock had a trading volume of 40,665,724 shares. The stock’s 50-day moving average is $4.16 and its 200-day moving average is $4.05. The stock has a market cap of $20.29 billion, a PE ratio of 34.67 and a beta of 1.33. Sirius XM Holdings Inc. has a 12 month low of $3.29 and a 12 month high of $4.44.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Sirius XM Holdings had a negative return on equity of 179.05% and a net margin of 13.44%. Sirius XM Holdings’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. Equities analysts anticipate that Sirius XM Holdings Inc. will post $0.14 EPS for the current year.
A number of equities analysts have issued reports on the company. Pacific Crest restated a “hold” rating on shares of Sirius XM Holdings in a report on Wednesday, July 27th. RBC Capital Markets restated a “sector perform” rating and set a $4.75 price target (up from $4.25) on shares of Sirius XM Holdings in a report on Wednesday, July 27th. Barclays PLC restated a “buy” rating and set a $4.60 price target on shares of Sirius XM Holdings in a report on Thursday, July 28th. Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Finally, Sanford C. Bernstein assumed coverage on Sirius XM Holdings in a report on Tuesday, July 12th. They set a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $4.84.
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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