Today: Chevy Chase Trust Holdings Inc. Reached $8,955,000 position of Sirius XM Holdings Inc. (SIRI)

Today: Chevy Chase Trust Holdings Inc. Reached $8,955,000 position  of Sirius XM Holdings Inc. (SIRI)

Chevy Chase Trust Holdings Inc. raised its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5,583.0% during the third quarter, Holdings Channel reports. The firm owned 2,147,392 shares of the company’s stock after buying an additional 2,109,606 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Sirius XM Holdings were worth $8,955,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SIRI. Howard Hughes Medical Institute acquired a new position in Sirius XM Holdings during the second quarter valued at approximately $102,000. Global X Management Co. LLC raised its position in Sirius XM Holdings by 161.9% in the second quarter. Global X Management Co. LLC now owns 27,504 shares of the company’s stock valued at $109,000 after buying an additional 17,001 shares during the period. BOKF NA raised its position in Sirius XM Holdings by 0.6% in the second quarter. BOKF NA now owns 28,455 shares of the company’s stock valued at $113,000 after buying an additional 166 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in Sirius XM Holdings by 93.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 29,315 shares of the company’s stock valued at $116,000 after buying an additional 14,195 shares during the period. Finally, Pinkerton Retirement Specialists LLC acquired a new position in Sirius XM Holdings during the second quarter valued at approximately $132,000. Institutional investors and hedge funds own 22.64% of the company’s stock.

Sirius XM Holdings Inc. (NASDAQ:SIRI) traded down 1.41% during mid-day trading on Monday, hitting $4.54. 21,285,104 shares of the stock were exchanged. Sirius XM Holdings Inc. has a 12-month low of $3.29 and a 12-month high of $4.65. The company has a 50 day moving average of $4.27 and a 200 day moving average of $4.14. The firm has a market cap of $21.90 billion, a P/E ratio of 35.19 and a beta of 1.24.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Sirius XM Holdings had a net margin of 13.70% and a negative return on equity of 133.77%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. On average, equities analysts anticipate that Sirius XM Holdings Inc. will post $0.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 9th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, November 7th. This represents a $0.04 dividend on an annualized basis and a yield of 0.87%. Sirius XM Holdings’s payout ratio is currently 30.77%.

Several equities research analysts have recently issued reports on SIRI shares. Bank of America Corp. set a $6.00 target price on shares of Sirius XM Holdings and gave the stock a “buy” rating in a report on Tuesday, October 4th. Zacks Investment Research upgraded shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a report on Tuesday, October 4th. Pivotal Research restated a “buy” rating and issued a $5.65 target price (up previously from $5.00) on shares of Sirius XM Holdings in a report on Friday, September 30th. Wunderlich restated a “buy” rating and issued a $5.00 target price on shares of Sirius XM Holdings in a report on Sunday, September 4th. Finally, Citigroup Inc. raised their target price on shares of Sirius XM Holdings from $4.50 to $4.85 and gave the stock a “buy” rating in a report on Thursday, August 18th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $4.84.

Sirius XM Holdings Company Profile

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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