Sirius XM Holdings Inc. (SIRI) Short Interest Update
Sirius XM Holdings Inc. (NASDAQ:SIRI) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 227,921,320 shares, an increase of 10.0% from the October 14th total of 207,206,065 shares. Based on an average trading volume of 53,454,508 shares, the days-to-cover ratio is currently 4.3 days. Currently, 13.4% of the company’s shares are short sold.
Sirius XM Holdings (NASDAQ:SIRI) opened at 4.58 on Friday. The company has a market cap of $22.10 billion, a PE ratio of 35.50 and a beta of 1.24. Sirius XM Holdings has a 52-week low of $3.29 and a 52-week high of $4.60. The firm’s 50-day moving average price is $4.21 and its 200 day moving average price is $4.11.
Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 133.77% and a net margin of 13.70%. The business earned $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.03 earnings per share. Sirius XM Holdings’s revenue was up 9.2% compared to the same quarter last year. On average, equities analysts predict that Sirius XM Holdings will post $0.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 9th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, November 7th. This represents a $0.04 annualized dividend and a yield of 0.87%. Sirius XM Holdings’s dividend payout ratio (DPR) is currently 30.77%.
A number of analysts recently issued reports on the company. Barclays PLC reissued a “buy” rating and set a $4.60 target price on shares of Sirius XM Holdings in a research note on Thursday, July 28th. Macquarie reissued an “outperform” rating and set a $4.85 target price on shares of Sirius XM Holdings in a research note on Friday, September 23rd. Zacks Investment Research cut Sirius XM Holdings from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Royal Bank Of Canada increased their target price on Sirius XM Holdings from $4.25 to $4.75 and gave the stock a “sector perform” rating in a research note on Wednesday, July 27th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $4.75 price target (up previously from $4.25) on shares of Sirius XM Holdings in a research report on Wednesday, July 27th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $4.84.
A number of large investors have recently made changes to their positions in SIRI. Howard Hughes Medical Institute bought a new stake in shares of Sirius XM Holdings during the second quarter valued at about $102,000. Global X Management Co. LLC boosted 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 in the last quarter. BOKF NA boosted 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 in the last quarter. Mizuho Asset Management Co. Ltd. boosted 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 in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Sirius XM Holdings by 5.4% in the third quarter. Oppenheimer & Co. Inc. now owns 29,430 shares of the company’s stock valued at $122,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 21.35% of the company’s stock.
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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