Meeder Asset Management Inc. acquired a new position in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,817 shares of the company’s stock, valued at approximately $71,000.
A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its position in Sirius XM by 52.2% during the first quarter. BlackRock Inc. now owns 123,784,832 shares of the company’s stock worth $701,859,000 after purchasing an additional 42,438,908 shares in the last quarter. Eagle Asset Management Inc. boosted its position in Sirius XM by 2.6% during the first quarter. Eagle Asset Management Inc. now owns 18,559,195 shares of the company’s stock worth $105,230,000 after purchasing an additional 465,778 shares in the last quarter. Geode Capital Management LLC boosted its position in Sirius XM by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 15,660,182 shares of the company’s stock worth $89,361,000 after purchasing an additional 553,127 shares in the last quarter. California Public Employees Retirement System boosted its position in Sirius XM by 29.7% during the first quarter. California Public Employees Retirement System now owns 10,658,445 shares of the company’s stock worth $60,433,000 after purchasing an additional 2,437,556 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Sirius XM by 65.1% during the first quarter. Nordea Investment Management AB now owns 8,651,642 shares of the company’s stock worth $49,055,000 after purchasing an additional 3,412,671 shares in the last quarter. 20.43% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Jennifer C. Witz sold 504,830 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $6.02, for a total transaction of $3,039,076.60. Following the transaction, the insider now directly owns 913,904 shares in the company, valued at $5,501,702.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas D. Barry sold 164,715 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.99, for a total value of $986,642.85. Following the transaction, the vice president now owns 265,735 shares in the company, valued at $1,591,752.65. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.
Shares of NASDAQ:SIRI opened at $6.07 on Wednesday. The stock’s fifty day simple moving average is $6.11 and its 200-day simple moving average is $5.87. Sirius XM Holdings Inc has a 52-week low of $5.23 and a 52-week high of $7.25. The company has a market capitalization of $26.90 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.39 and a beta of 1.03. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 46.63.
Sirius XM (NASDAQ:SIRI) last released its earnings results on Tuesday, July 30th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Sirius XM had a negative return on equity of 117.72% and a net margin of 15.25%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Sirius XM Holdings Inc will post 0.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 9th will be given a dividend of $0.0121 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.05 annualized dividend and a yield of 0.80%. Sirius XM’s dividend payout ratio (DPR) is presently 19.23%.
Sirius XM Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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