1,802,830 Shares in Sirius XM Holdings Inc. (SIRI) Acquired by Nationwide Fund Advisors

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.

SIRI has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Sirius XM from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Gabelli lifted their target price on shares of Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a report on Thursday, October 26th. Bank of America set a $7.00 target price on shares of Sirius XM and gave the company a “buy” rating in a report on Thursday, October 12th. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, BidaskClub downgraded shares of Sirius XM from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $6.01.

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.

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

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