Aigen Investment Management LP Raises Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Aigen Investment Management LP lifted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRIGet Rating) by 67.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,798 shares of the company’s stock after buying an additional 8,809 shares during the quarter. Aigen Investment Management LP’s holdings in Sirius XM were worth $144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in shares of Sirius XM by 0.5% during the fourth quarter. State Street Corp now owns 29,302,768 shares of the company’s stock worth $186,073,000 after buying an additional 140,112 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Sirius XM by 22.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 19,102,250 shares of the company’s stock worth $121,300,000 after buying an additional 3,546,729 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Sirius XM by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 17,231,684 shares of the company’s stock worth $109,333,000 after buying an additional 199,003 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Sirius XM by 57.5% in the fourth quarter. ProShare Advisors LLC now owns 6,622,336 shares of the company’s stock worth $42,052,000 after acquiring an additional 2,417,201 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Sirius XM by 12.6% in the fourth quarter. Invesco Ltd. now owns 4,822,148 shares of the company’s stock worth $30,620,000 after acquiring an additional 540,946 shares during the last quarter. 11.79% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Down 1.9 %

Shares of SIRI stock opened at $6.58 on Friday. The stock has a market cap of $25.62 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 2.29 and a beta of 0.93. Sirius XM Holdings Inc. has a fifty-two week low of $5.69 and a fifty-two week high of $6.88. The firm’s 50 day moving average price is $6.27 and its two-hundred day moving average price is $6.28.

Sirius XM (NASDAQ:SIRIGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. Sirius XM had a net margin of 14.15% and a negative return on equity of 40.89%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 0.32 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 5th will be paid a dividend of $0.022 per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.34%. Sirius XM’s dividend payout ratio is currently 29.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Citigroup decreased their target price on shares of Sirius XM from $7.60 to $7.50 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Pivotal Research cut shares of Sirius XM from a “buy” rating to a “hold” rating and decreased their target price for the stock from $7.55 to $7.10 in a research report on Monday, August 1st. Rosenblatt Securities assumed coverage on shares of Sirius XM in a research report on Tuesday, April 19th. They issued a “buy” rating and a $8.00 target price on the stock. Finally, Morgan Stanley cut shares of Sirius XM from an “equal weight” rating to an “underweight” rating and set a $7.00 target price on the stock. in a research report on Monday, April 18th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.94.

Insider Activity

In other news, insider Scott Andrew Greenstein sold 1,081,370 shares of Sirius XM stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $6.58, for a total transaction of $7,115,414.60. Following the sale, the insider now owns 7,198,469 shares in the company, valued at $47,365,926.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Scott Andrew Greenstein sold 1,081,370 shares of Sirius XM stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $6.58, for a total transaction of $7,115,414.60. Following the sale, the insider now owns 7,198,469 shares in the company, valued at $47,365,926.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas D. Barry sold 40,793 shares of Sirius XM stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $6.51, for a total transaction of $265,562.43. Following the sale, the vice president now owns 1,111,973 shares in the company, valued at approximately $7,238,944.23. The disclosure for this sale can be found here. Insiders have sold 1,530,437 shares of company stock worth $10,136,827 over the last 90 days. Company insiders own 0.63% of the company’s stock.

Sirius XM Profile

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Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of 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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