Vanguard Group Inc. Boosts Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Vanguard Group Inc. lifted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,682,133 shares of the company’s stock after purchasing an additional 363,551 shares during the quarter. Vanguard Group Inc. owned 1.42% of Sirius XM worth $299,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SIRI. ICA Group Wealth Management LLC purchased a new position in Sirius XM in the 4th quarter worth about $48,000. V Square Quantitative Management LLC raised its position in Sirius XM by 66.6% in the 4th quarter. V Square Quantitative Management LLC now owns 7,990 shares of the company’s stock worth $44,000 after buying an additional 3,194 shares during the last quarter. Berkshire Hathaway Inc raised its position in Sirius XM by 315.6% in the 4th quarter. Berkshire Hathaway Inc now owns 40,243,058 shares of the company’s stock worth $220,130,000 after buying an additional 30,559,834 shares during the last quarter. Avenir Corp purchased a new position in Sirius XM in the 4th quarter worth about $55,000. Finally, Ossiam raised its position in Sirius XM by 179.4% in the 4th quarter. Ossiam now owns 236,283 shares of the company’s stock worth $1,292,000 after buying an additional 151,719 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 12,518 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $2.60, for a total value of $32,546.80. Following the completion of the transaction, the director now directly owns 169,309 shares in the company, valued at approximately $440,203.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is currently owned by corporate insiders.

Sirius XM Trading Up 3.7 %

Shares of NASDAQ:SIRI opened at $2.83 on Friday. The stock has a 50 day moving average of $2.87 and a 200 day moving average of $4.01. The company has a market cap of $10.89 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.08. Sirius XM Holdings Inc. has a 12-month low of $2.45 and a 12-month high of $7.95.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Sirius XM had a negative return on equity of 47.17% and a net margin of 14.38%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. Equities research analysts predict that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were paid a $0.0266 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.11 annualized dividend and a yield of 3.76%. Sirius XM’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SIRI shares. StockNews.com started coverage on Sirius XM in a research report on Monday, June 24th. They issued a “hold” rating for the company. Wells Fargo & Company cut their price target on Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a research note on Wednesday, May 1st. Evercore ISI upgraded Sirius XM from an “underperform” rating to an “in-line” rating and cut their price target for the company from $4.25 to $3.25 in a research note on Monday, June 24th. The Goldman Sachs Group upgraded Sirius XM from a “sell” rating to a “neutral” rating and cut their price target for the company from $3.50 to $3.25 in a research note on Wednesday, May 1st. Finally, Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and cut their price target for the company from $5.05 to $4.90 in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.11.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.