Sirius XM Holdings Inc (SIRI) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its position in Sirius XM Holdings Inc (NASDAQ:SIRI) by 63.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,231,397 shares of the company’s stock after selling 2,107,611 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Sirius XM were worth $7,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BTR Capital Management Inc. bought a new position in Sirius XM in the third quarter valued at $104,000. Burney Co. bought a new position in Sirius XM in the second quarter valued at $108,000. OppenheimerFunds Inc. bought a new position in Sirius XM in the second quarter valued at $109,000. Verition Fund Management LLC bought a new position in Sirius XM in the second quarter valued at $111,000. Finally, Fort L.P. bought a new position in Sirius XM in the second quarter valued at $116,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:SIRI opened at $6.22 on Friday. Sirius XM Holdings Inc has a 12-month low of $5.17 and a 12-month high of $7.70. The stock has a market cap of $28.52 billion, a PE ratio of 26.46, a P/E/G ratio of 1.62 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Wednesday, October 24th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Sirius XM had a net margin of 15.64% and a negative return on equity of 78.49%. Sirius XM’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. On average, sell-side analysts anticipate that Sirius XM Holdings Inc will post 0.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 9th were issued a dividend of $0.0121 per share. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, November 8th. Sirius XM’s dividend payout ratio is currently 25.00%.

A number of brokerages have recently issued reports on SIRI. Barrington Research reaffirmed a “buy” rating and set a $8.00 price objective on shares of Sirius XM in a research note on Monday, September 24th. BidaskClub raised Sirius XM from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Zacks Investment Research cut Sirius XM from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. MKM Partners raised their price objective on Sirius XM from $8.00 to $9.15 and gave the company a “neutral” rating in a research note on Thursday, September 27th. Finally, Macquarie reaffirmed a “buy” rating and set a $7.75 price objective on shares of Sirius XM in a research note on Thursday, September 20th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $6.85.

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Sirius XM Profile

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to 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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