Victory Capital Management Inc. increased its holdings in Sirius XM Holdings Inc (NASDAQ:SIRI) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 535,836 shares of the company’s stock after acquiring an additional 29,039 shares during the quarter. Victory Capital Management Inc.’s holdings in Sirius XM were worth $2,990,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. CSat Investment Advisory L.P. acquired a new stake in Sirius XM during the second quarter valued at approximately $45,000. Jane Street Group LLC raised its position in shares of Sirius XM by 1,408.7% during the 2nd quarter. Jane Street Group LLC now owns 3,364,180 shares of the company’s stock worth $18,772,000 after purchasing an additional 3,141,193 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Sirius XM during the 2nd quarter worth approximately $29,000. Cubist Systematic Strategies LLC raised its position in shares of Sirius XM by 79.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 779,331 shares of the company’s stock worth $4,349,000 after purchasing an additional 344,167 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of Sirius XM by 21.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 457,069 shares of the company’s stock worth $2,550,000 after purchasing an additional 80,515 shares during the period. Institutional investors and hedge funds own 18.91% of the company’s stock.
A number of analysts have recently weighed in on SIRI shares. BidaskClub cut Sirius XM from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 21st. Credit Suisse Group raised Sirius XM from a “neutral” rating to an “outperform” rating and set a $7.00 price objective for the company in a report on Monday, June 10th. ValuEngine lowered Sirius XM from a “buy” rating to a “hold” rating in a report on Wednesday. Pivotal Research reissued a “buy” rating and issued a $7.70 price objective on shares of Sirius XM in a report on Friday, August 9th. Finally, Wells Fargo & Co started coverage on Sirius XM in a report on Monday, September 23rd. They issued an “outperform” rating and a $8.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $7.24.
Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. Sirius XM had a negative return on equity of 117.72% and a net margin of 15.25%. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. On average, research analysts predict that Sirius XM Holdings Inc will post 0.21 earnings per share for the current fiscal year.
In other news, VP Thomas D. Barry sold 164,715 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $5.99, for a total transaction of $986,642.85. Following the completion of the sale, the vice president now directly owns 265,735 shares of the company’s stock, valued at approximately $1,591,752.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer C. Witz sold 504,830 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $6.02, for a total value of $3,039,076.60. Following the sale, the insider now directly owns 913,904 shares of the company’s stock, valued at $5,501,702.08. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.
Sirius XM Company 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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