Sirius XM Holdings Inc. (SIRI) Short Interest Update
Sirius XM Holdings Inc. (NASDAQ:SIRI) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 229,413,860 shares, a growth of 3.6% from the August 31st total of 221,459,290 shares. Approximately 13.5% of the company’s stock are short sold. Based on an average daily volume of 55,949,317 shares, the short-interest ratio is currently 4.1 days.
A number of hedge funds have recently added to or reduced their stakes in SIRI. Norges Bank bought a new stake in Sirius XM Holdings during the fourth quarter valued at $69,421,000. Aperio Group LLC increased its stake in Sirius XM Holdings by 3.2% in the first quarter. Aperio Group LLC now owns 399,288 shares of the company’s stock valued at $1,577,000 after buying an additional 12,466 shares in the last quarter. IFP Advisors Inc increased its stake in Sirius XM Holdings by 6.0% in the first quarter. IFP Advisors Inc now owns 130,179 shares of the company’s stock valued at $514,000 after buying an additional 7,342 shares in the last quarter. Ngam Advisors L.P. increased its stake in Sirius XM Holdings by 15.6% in the first quarter. Ngam Advisors L.P. now owns 68,182 shares of the company’s stock valued at $269,000 after buying an additional 9,214 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Sirius XM Holdings by 0.8% in the first quarter. Stratos Wealth Partners LTD. now owns 36,742 shares of the company’s stock valued at $145,000 after buying an additional 300 shares in the last quarter. 20.82% of the stock is currently owned by institutional investors.
Several equities analysts have commented on SIRI shares. Buckingham Research reissued a “buy” rating and set a $5.00 target price on shares of Sirius XM Holdings in a research report on Friday, June 3rd. Bank of America Corp. reissued a “buy” rating and set a $5.00 target price on shares of Sirius XM Holdings in a research report on Thursday, June 9th. Zacks Investment Research raised shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Monday, June 27th. Telsey Advisory Group started coverage on shares of Sirius XM Holdings in a research report on Tuesday, July 12th. They set a “market perform” rating and a $4.59 target price on the stock. Finally, Sanford C. Bernstein started coverage on shares of Sirius XM Holdings in a research report on Tuesday, July 12th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.74.
Sirius XM Holdings (NASDAQ:SIRI) opened at 4.17 on Friday. Sirius XM Holdings has a 52-week low of $3.29 and a 52-week high of $4.44. The stock’s 50 day moving average is $4.17 and its 200-day moving average is $4.04. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 34.75 and a beta of 1.41.
Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Tuesday, July 26th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Sirius XM Holdings had a negative return on equity of 179.05% and a net margin of 13.44%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. Equities research analysts anticipate that Sirius XM Holdings will post $0.14 EPS for the current fiscal year.
About Sirius XM Holdings
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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