Sirius XM Holdings Inc. (SIRI) Position Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 10.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,119 shares of the company’s stock after buying an additional 21,440 shares during the quarter. Ameriprise Financial Inc.’s holdings in Sirius XM were worth $1,254,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SIRI. Arrowstreet Capital Limited Partnership grew its holdings in Sirius XM by 119.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock worth $188,025,000 after buying an additional 18,694,885 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Sirius XM by 3,767.6% in the 2nd quarter. Janus Henderson Group PLC now owns 9,132,334 shares of the company’s stock worth $49,953,000 after buying an additional 8,896,209 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Sirius XM by 925.9% in the 2nd quarter. Principal Financial Group Inc. now owns 3,803,755 shares of the company’s stock worth $20,807,000 after buying an additional 3,432,999 shares in the last quarter. Boston Advisors LLC bought a new position in Sirius XM in the 3rd quarter worth approximately $11,985,000. Finally, APG Asset Management N.V. grew its holdings in Sirius XM by 23.8% in the 3rd quarter. APG Asset Management N.V. now owns 11,186,062 shares of the company’s stock worth $61,747,000 after buying an additional 2,147,800 shares in the last quarter. 19.57% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the company. BidaskClub raised Sirius XM from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Bank of America set a $7.00 price target on Sirius XM and gave the company a “buy” rating in a research note on Thursday, October 12th. Piper Jaffray Companies set a $7.00 price target on Sirius XM and gave the company a “buy” rating in a research note on Wednesday, October 11th. Pivotal Research reaffirmed a “buy” rating and set a $6.80 price target (up from $6.25) on shares of Sirius XM in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $6.00 price target on shares of Sirius XM in a research note on Wednesday, October 18th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.94.

In other news, CEO James E. Meyer sold 172,704 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the completion of the sale, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at approximately $19,181,842.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the sale, the executive vice president now directly owns 227,430 shares of the company’s stock, valued at $1,296,351. The disclosure for this sale can be found here. Company insiders own 1.06% of the company’s stock.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $5.55 on Thursday. The firm has a market capitalization of $24,400.00, a price-to-earnings ratio of 30.83, a PEG ratio of 1.58 and a beta of 1.12. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19. Sirius XM Holdings Inc. has a one year low of $4.52 and a one year high of $5.89.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.04 EPS. research analysts anticipate that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.

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Sirius XM Company Profile

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

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

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