Sirius XM Holdings Inc. $SIRI Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 159.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,547 shares of the company’s stock after acquiring an additional 64,270 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Sirius XM were worth $2,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in shares of Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after purchasing an additional 3,233,922 shares during the period. Ameriprise Financial Inc. boosted its position in Sirius XM by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,515,519 shares of the company’s stock valued at $57,781,000 after buying an additional 170,155 shares during the period. Norges Bank acquired a new position in shares of Sirius XM in the second quarter worth $43,152,000. Alberta Investment Management Corp increased its position in shares of Sirius XM by 20.2% during the second quarter. Alberta Investment Management Corp now owns 1,486,226 shares of the company’s stock worth $34,139,000 after acquiring an additional 250,000 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Sirius XM by 11.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock worth $20,861,000 after acquiring an additional 92,111 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Up 1.4%

Shares of NASDAQ:SIRI opened at $20.35 on Friday. The firm has a 50 day simple moving average of $20.94 and a 200-day simple moving average of $21.94. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $27.41. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.85 billion, a PE ratio of 7.19, a P/E/G ratio of 0.27 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.79 by $0.05. Sirius XM had a net margin of 11.61% and a return on equity of 8.79%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the business earned ($8.74) EPS. Sirius XM’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, February 11th. Sirius XM’s payout ratio is presently 38.16%.

Analysts Set New Price Targets

Several research firms recently commented on SIRI. Rosenblatt Securities reissued a “neutral” rating and set a $23.00 target price on shares of Sirius XM in a research note on Monday, December 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sirius XM in a research note on Monday, December 29th. Benchmark restated a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Sirius XM in a research note on Friday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Finally, Barrington Research reiterated an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.88.

Key Headlines Impacting Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: SiriusXM declared a quarterly cash dividend of $0.27 per share (annualized yield ~5.3%), payable Feb. 27 to holders of record Feb. 11; ex-dividend Feb. 11. This supports income investors and signals board confidence in cash flow. Read More.
• Positive Sentiment: The company appointed Eve Konstan (former Spotify general counsel) as EVP, Chief Legal Officer effective Feb. 9. Adding a senior media/tech legal executive may strengthen regulatory, content and M&A execution. Read More.
• Positive Sentiment: SiriusXM/FOX Sports Radio will have a strong presence around Super Bowl LX in San Francisco — a high-profile programming and ad-revenue opportunity that can boost listener engagement and short-term advertising/partnership revenue. Read More.
• Neutral Sentiment: Moffett Nathanson initiated research coverage of Sirius XM. New analyst coverage can increase visibility and trading liquidity; the near-term price impact depends on the published rating and estimates. Read More.
• Neutral Sentiment: SiriusXM was mentioned in a list of “cheap, safe” stocks (The Motley Fool piece). Positive press can attract value-oriented investors, but inclusion alone doesn’t change fundamentals. Read More.
• Negative Sentiment: The company agreed to a $28 million settlement in a telemarketing class-action matter; claims filing details and eligibility are being publicized. The cash outflow is modest relative to market cap but introduces near-term legal/administrative costs and headline risk. Read More. Read More. Read More.

Insider Activity

In related news, Director Kristina Salen sold 1,845 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $21.64, for a total value of $39,925.80. Following the completion of the sale, the director directly owned 19,969 shares of the company’s stock, valued at $432,129.16. This represents a 8.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.32% of the stock is currently owned by company insiders.

Sirius XM Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.