Cetera Investment Advisers grew its position in Sirius XM Holdings Inc (NASDAQ:SIRI) by 46.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,581 shares of the company’s stock after acquiring an additional 5,581 shares during the quarter. Cetera Investment Advisers’ holdings in Sirius XM were worth $101,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Sirius XM by 6.9% in the 4th quarter. BlackRock Inc. now owns 81,345,924 shares of the company’s stock valued at $464,485,000 after purchasing an additional 5,256,918 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Sirius XM by 107.0% in the 3rd quarter. Renaissance Technologies LLC now owns 8,506,500 shares of the company’s stock valued at $53,761,000 after buying an additional 4,396,500 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in shares of Sirius XM by 240.9% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 6,101,569 shares of the company’s stock valued at $34,839,000 after buying an additional 4,311,952 shares during the period. Janus Henderson Group PLC increased its stake in shares of Sirius XM by 363.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,057,019 shares of the company’s stock valued at $25,639,000 after buying an additional 3,182,187 shares during the period. Finally, Squarepoint Ops LLC increased its stake in shares of Sirius XM by 613.6% in the 4th quarter. Squarepoint Ops LLC now owns 3,440,241 shares of the company’s stock valued at $19,644,000 after buying an additional 2,958,141 shares during the period. Institutional investors and hedge funds own 17.12% of the company’s stock.
In other Sirius XM news, VP Thomas D. Barry sold 48,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $6.06, for a total transaction of $293,988.78. Following the transaction, the vice president now owns 462,465 shares of the company’s stock, valued at $2,802,537.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP James Arthur Cady sold 588,503 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $6.13, for a total value of $3,607,523.39. Following the transaction, the executive vice president now directly owns 1,840,070 shares in the company, valued at approximately $11,279,629.10. The disclosure for this sale can be found here. Insiders have sold 693,134 shares of company stock worth $4,245,516 in the last quarter. 0.76% of the stock is currently owned by corporate insiders.
Sirius XM (NASDAQ:SIRI) last released its earnings results on Wednesday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Sirius XM had a negative return on equity of 76.76% and a net margin of 20.38%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Sirius XM’s revenue was up 6.6% on a year-over-year basis. On average, equities research analysts anticipate that Sirius XM Holdings Inc will post 0.22 earnings per share for the current year.
Sirius XM declared that its board has approved a stock repurchase plan on Tuesday, January 29th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Several equities research analysts have recently commented on SIRI shares. BidaskClub cut Sirius XM from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. JPMorgan Chase & Co. raised Sirius XM from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $6.00 to $7.00 in a research note on Wednesday, January 2nd. Pivotal Research reaffirmed a “hold” rating and set a $7.00 price objective on shares of Sirius XM in a research note on Thursday, January 31st. Zacks Investment Research cut Sirius XM from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Finally, Macquarie set a $8.00 price objective on Sirius XM and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $7.26.
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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