Sirius XM Holdings Inc. (NASDAQ:SIRI) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 251,422,520 shares, a decrease of 5.7% from the July 31st total of 266,518,480 shares. Based on an average trading volume of 18,704,533 shares, the short-interest ratio is presently 13.4 days. Approximately 17.5% of the shares of the company are short sold.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock valued at $422,980,000 after buying an additional 79,871,880 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Sirius XM Holdings by 119.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock valued at $188,025,000 after buying an additional 18,694,885 shares during the period. Janus Henderson Group PLC boosted its stake in Sirius XM Holdings by 3,767.6% in the second quarter. Janus Henderson Group PLC now owns 9,132,334 shares of the company’s stock valued at $49,953,000 after buying an additional 8,896,209 shares during the period. Credit Agricole S A boosted its stake in Sirius XM Holdings by 641.1% in the first quarter. Credit Agricole S A now owns 6,219,924 shares of the company’s stock valued at $32,032,000 after buying an additional 5,380,619 shares during the period. Finally, FMR LLC boosted its stake in Sirius XM Holdings by 12.8% in the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock valued at $216,105,000 after buying an additional 4,772,837 shares during the period. 20.42% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on SIRI. Macquarie reissued a “buy” rating and set a $6.00 price target (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Zacks Investment Research lowered Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.06 price target on the stock in a research report on Monday, July 24th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, Piper Jaffray Companies set a $7.00 price objective on Sirius XM Holdings and gave the stock a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $5.73.

Sirius XM Holdings (NASDAQ:SIRI) opened at 5.75 on Friday. The stock has a 50 day moving average price of $5.57 and a 200 day moving average price of $5.25. The company has a market cap of $26.52 billion, a PE ratio of 33.82 and a beta of 1.11. Sirius XM Holdings has a 1-year low of $4.05 and a 1-year high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $0.04 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 10th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.70%. Sirius XM Holdings’s dividend payout ratio is 25.00%.

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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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