Short Interest in Sirius XM Holdings Inc. (SIRI) Decreases By 3.7%
Sirius XM Holdings Inc. (NASDAQ:SIRI) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 220,922,513 shares, a decrease of 3.7% from the September 15th total of 229,413,860 shares. Approximately 13.0% of the company’s shares are short sold. Based on an average daily trading volume, of 44,733,332 shares, the short-interest ratio is currently 4.9 days.
A number of hedge funds have recently modified their holdings of SIRI. National Planning Corp raised its stake in shares of Sirius XM Holdings by 4.5% in the first quarter. National Planning Corp now owns 80,132 shares of the company’s stock worth $315,000 after buying an additional 3,435 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of Sirius XM Holdings during the first quarter valued at about $1,234,000. Calixto Global Investors LP raised its stake in shares of Sirius XM Holdings by 32.6% in the first quarter. Calixto Global Investors LP now owns 5,025,271 shares of the company’s stock valued at $19,850,000 after buying an additional 1,234,400 shares during the last quarter. National Pension Service raised its stake in shares of Sirius XM Holdings by 4.5% in the first quarter. National Pension Service now owns 1,757,085 shares of the company’s stock valued at $6,940,000 after buying an additional 75,837 shares during the last quarter. Finally, Coastland Capital LLC purchased a new stake in shares of Sirius XM Holdings during the first quarter valued at about $1,047,000. Institutional investors and hedge funds own 20.82% of the company’s stock.
Shares of Sirius XM Holdings (NASDAQ:SIRI) opened at 4.10 on Friday. Sirius XM Holdings has a 12-month low of $3.29 and a 12-month high of $4.44. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 34.17 and a beta of 1.33. The stock’s 50 day moving average price is $4.15 and its 200 day moving average price is $4.05.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. Sirius XM Holdings had a negative return on equity of 179.05% and a net margin of 13.44%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. Equities research analysts expect that Sirius XM Holdings will post $0.14 earnings per share for the current year.
Several analysts have recently weighed in on SIRI shares. Bank of America Corp. set a $6.00 price target on shares of Sirius XM Holdings and gave the company a “buy” rating in a research note on Tuesday, October 4th. Telsey Advisory Group began 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 price objective for the company. Pivotal Research reaffirmed a “buy” rating and set a $5.65 price objective (up previously from $5.00) on shares of Sirius XM Holdings in a research report on Friday, September 30th. Zacks Investment Research lowered shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. increased 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. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price 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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