Nationwide Fund Advisors purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 1,802,830 shares of the company’s stock, valued at approximately $9,952,000.
A number of other institutional investors also recently modified their holdings of SIRI. Capstone Asset Management Co. lifted its stake in Sirius XM by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 65,346 shares of the company’s stock worth $357,000 after purchasing an additional 170 shares in the last quarter. Shell Asset Management Co. increased its holdings in shares of Sirius XM by 0.5% during the 2nd quarter. Shell Asset Management Co. now owns 146,142 shares of the company’s stock worth $799,000 after buying an additional 705 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Sirius XM by 106.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,986,934 shares of the company’s stock worth $10,840,000 after buying an additional 1,023,137 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Sirius XM by 3.5% during the 2nd quarter. CIBC Asset Management Inc now owns 364,563 shares of the company’s stock worth $1,994,000 after buying an additional 12,369 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Sirius XM by 11.8% during the 2nd quarter. Sei Investments Co. now owns 305,563 shares of the company’s stock worth $1,671,000 after buying an additional 32,263 shares during the last quarter. 19.57% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the transaction, the executive vice president now directly owns 227,430 shares in the company, valued at $1,296,351. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the transaction, the chief executive officer now owns 3,377,085 shares in the company, valued at $19,181,842.80. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.
Shares of Sirius XM Holdings Inc. (SIRI) traded down $0.02 on Friday, reaching $5.36. 10,633,837 shares of the company were exchanged, compared to its average volume of 20,827,786. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of -6.41. The stock has a market capitalization of $24,725.51, a PE ratio of 29.78, a PEG ratio of 1.72 and a beta of 1.12. Sirius XM Holdings Inc. has a 52-week low of $4.40 and a 52-week high of $5.89.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. Sirius XM’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. analysts anticipate that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th were paid a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, November 8th. Sirius XM’s payout ratio is 22.22%.
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About Sirius XM
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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