Sirius Xm Holdings (SIRI) Shareholder Acadian Asset Management Trimmed Its Stake by $16.55 Million; Cornerstone Investment Partners Has Decreased Its Boeing Company (BA) Holding by $54.50 Million as Stock Rose

January 14, 2018 - By Linda Rogers

Cornerstone Investment Partners Llc decreased its stake in Boeing Company (BA) by 98.02% based on its latest 2017Q3 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 214,578 shares as the company’s stock rose 4.66% with the market. The institutional investor held 4,330 shares of the aerospace company at the end of 2017Q3, valued at $1.10 million, down from 218,908 at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in Boeing Company for a number of months, seems to be less bullish one the $200.24 billion market cap company. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 6.56 million shares traded or 96.62% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since January 14, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Acadian Asset Management Llc decreased its stake in Sirius Xm Holdings Inc (SIRI) by 63.2% based on its latest 2017Q3 regulatory filing with the SEC. Acadian Asset Management Llc sold 3.31M shares as the company’s stock declined 0.61% while stock markets rallied. The institutional investor held 1.93 million shares of the broadcasting company at the end of 2017Q3, valued at $10.64M, down from 5.24M at the end of the previous reported quarter. Acadian Asset Management Llc who had been investing in Sirius Xm Holdings Inc for a number of months, seems to be less bullish one the $25.19 billion market cap company. The stock decreased 0.36% or $0.02 during the last trading session, reaching $5.48. About 15.78 million shares traded. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 25.58% since January 14, 2017 and is uptrending. It has outperformed by 8.88% the S&P500.

Acadian Asset Management Llc, which manages about $65.15B and $22.61 billion US Long portfolio, upped its stake in Bioverativ Inc by 351,682 shares to 805,731 shares, valued at $45.99 million in 2017Q3, according to the filing. It also increased its holding in Church & Dwight Inc (NYSE:CHD) by 185,246 shares in the quarter, for a total of 995,365 shares, and has risen its stake in Brookfield Business Partners.

Among 16 analysts covering Sirius XM Holdings (NASDAQ:SIRI), 7 have Buy rating, 2 Sell and 7 Hold. Therefore 44% are positive. Sirius XM Holdings had 33 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Wunderlich on Wednesday, July 29. As per Wednesday, October 11, the company rating was maintained by Piper Jaffray. RBC Capital Markets maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) on Monday, October 26 with “Sector Perform” rating. On Tuesday, January 2 the stock rating was downgraded by JP Morgan to “Underweight”. The rating was maintained by Piper Jaffray with “Buy” on Thursday, July 27. On Wednesday, April 19 the stock rating was downgraded by Morgan Stanley to “Underweight”. Bank of America maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) on Thursday, October 12 with “Buy” rating. Citigroup maintained the shares of SIRI in report on Monday, August 7 with “Buy” rating. On Thursday, March 16 the stock rating was downgraded by Wunderlich to “Hold”. JP Morgan reinitiated Sirius XM Holdings Inc. (NASDAQ:SIRI) on Monday, September 26 with “Neutral” rating.

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.14, from 1.07 in 2017Q2. It turned negative, as 31 investors sold SIRI shares while 132 reduced holdings. 48 funds opened positions while 104 raised stakes. 884.13 million shares or 3.66% less from 917.75 million shares in 2017Q2 were reported. Walleye Trading Ltd reported 838,921 shares or 0.02% of all its holdings. Wetherby Asset Mngmt invested in 0.03% or 39,733 shares. Bancorpsouth has 12,000 shares for 0.01% of their portfolio. Salem Investment Counselors stated it has 0.01% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Cetera Advisor Ntwk Ltd Llc holds 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI) or 19,124 shares. Lehman Fin Resource Inc reported 0.05% stake. 3,700 were accumulated by Central Retail Bank Tru. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt Corporation, Alberta – Canada-based fund reported 1.12 million shares. Salzman Inc invested 5.62% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Boston Advsrs Ltd Com has 0.27% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 2.17 million shares. Nomura Holdings reported 108,535 shares. Aqr Capital Mgmt Ltd Limited Liability Company holds 716,818 shares. Connecticut-based Paloma Prtnrs Company has invested 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Citadel Advsr Ltd Limited Liability Company holds 3.02 million shares. Altfest L J stated it has 0.05% in Sirius XM Holdings Inc. (NASDAQ:SIRI).

Analysts await Sirius XM Holdings Inc. (NASDAQ:SIRI) to report earnings on February, 1. They expect $0.04 EPS, 0.00% or $0.00 from last year’s $0.04 per share. SIRI’s profit will be $183.83 million for 34.25 P/E if the $0.04 EPS becomes a reality. After $0.06 actual EPS reported by Sirius XM Holdings Inc. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. Buckingham Research maintained the stock with “Hold” rating in Friday, December 22 report. Morgan Stanley maintained The Boeing Company (NYSE:BA) rating on Tuesday, October 24. Morgan Stanley has “Equal-Weight” rating and $285 target. The company was maintained on Wednesday, September 20 by Bernstein. The stock of The Boeing Company (NYSE:BA) has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. The firm earned “Buy” rating on Monday, September 19 by Citigroup. The firm has “Hold” rating given on Monday, January 8 by Canaccord Genuity. Canaccord Genuity maintained The Boeing Company (NYSE:BA) on Thursday, October 26 with “Hold” rating. On Thursday, September 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by Canaccord Genuity with “Hold” on Friday, April 28. As per Thursday, September 14, the company rating was maintained by Deutsche Bank.

Since July 31, 2017, it had 0 insider buys, and 5 sales for $20.35 million activity. 4,217 The Boeing Company (NYSE:BA) shares with value of $1.02 million were sold by CAPOZZI HEIDI B. $13.84 million worth of The Boeing Company (NYSE:BA) shares were sold by Muilenburg Dennis A. 2,522 shares were sold by Verbeck Robert E, worth $616,499. On Monday, August 7 the insider Downey Thomas J sold $32,321.

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 31 before the open. They expect $2.87 earnings per share, up 16.19% or $0.40 from last year’s $2.47 per share. BA’s profit will be $1.71 billion for 29.29 P/E if the $2.87 EPS becomes a reality. After $2.72 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.51% EPS growth.

Cornerstone Investment Partners Llc, which manages about $8.61 billion and $4.57B US Long portfolio, upped its stake in Chubb Limited by 471,623 shares to 946,486 shares, valued at $134.92M in 2017Q3, according to the filing. It also increased its holding in Spdr Djia Etf Trust (DIA) by 2,625 shares in the quarter, for a total of 5,250 shares, and has risen its stake in Conocophillips (NYSE:COP).

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