Sirius XM Holdings Inc. (SIRI) Sees Large Decline in Short Interest
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%.
COPYRIGHT VIOLATION WARNING: “Sirius XM Holdings Inc. (SIRI) Sees Large Decline in Short Interest” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/09/01/sirius-xm-holdings-inc-siri-sees-large-decline-in-short-interest.html.
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.
Receive News & Stock Ratings for Sirius XM Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM Holdings Inc. and related stocks with our FREE daily email newsletter.