Deutsche Bank AG Has $12.90 Million Stake in Sirius XM Holdings Inc (SIRI)

Deutsche Bank AG increased its stake in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 20.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,259,563 shares of the company’s stock after purchasing an additional 383,782 shares during the quarter. Deutsche Bank AG owned 0.05% of Sirius XM worth $12,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Sirius XM in the 4th quarter valued at $72,261,000. BlackRock Inc. grew 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 acquiring an additional 5,256,918 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its position in 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 acquiring an additional 4,311,952 shares during the last quarter. Squarepoint Ops LLC grew its position in 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 acquiring an additional 2,958,141 shares during the last quarter. Finally, Morgan Stanley grew its position in Sirius XM by 44.1% in the 3rd quarter. Morgan Stanley now owns 7,938,067 shares of the company’s stock valued at $50,169,000 after acquiring an additional 2,429,258 shares during the last quarter. 17.12% of the stock is currently owned by hedge funds and other institutional investors.

SIRI opened at $5.99 on Tuesday. Sirius XM Holdings Inc has a 12-month low of $5.48 and a 12-month high of $7.70. The firm has a market cap of $27.40 billion, a PE ratio of 23.04, a PEG ratio of 2.44 and a beta of 1.04.



Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned ($0.01) EPS. The business’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts forecast that Sirius XM Holdings Inc will post 0.22 earnings per share for the current fiscal year.

Sirius XM announced that its Board of Directors has authorized a share repurchase program on Tuesday, January 29th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

SIRI has been the topic of several research analyst reports. Macquarie reaffirmed a “buy” rating and issued a $7.75 price objective on shares of Sirius XM in a research report on Wednesday, December 26th. JPMorgan Chase & Co. raised Sirius XM from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $6.00 to $7.00 in a research report on Wednesday, January 2nd. BidaskClub downgraded Sirius XM from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Buckingham Research raised Sirius XM from a “neutral” rating to a “buy” rating in a research report on Monday, January 28th. Finally, B. Riley reaffirmed a “buy” rating on shares of Sirius XM in a research report on Tuesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $7.26.

In other news, VP Thomas D. Barry sold 48,513 shares of the stock in a transaction 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 approximately $2,802,537.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James Arthur Cady sold 588,503 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 1,840,070 shares of the company’s stock, valued at $11,279,629.10. The disclosure for this sale can be found here. Insiders have sold a total of 693,134 shares of company stock worth $4,245,516 in the last three months. Corporate insiders own 0.76% of the company’s stock.

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About Sirius XM

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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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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