Sirius XM Holdings Inc. (NASDAQ:SIRI) saw unusually-strong trading volume on Tuesday . Approximately 41,928,898 shares changed hands during trading, a decline of 16% from the previous session’s volume of 49,708,237 shares.The stock last traded at $3.94 and had previously closed at $3.97.

A number of equities research analysts have issued reports on SIRI shares. Vetr lowered shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $4.36 price objective for the company. in a report on Thursday, March 31st. Macquarie reaffirmed an “outperform” rating and set a $4.30 price objective (down from $4.60) on shares of Sirius XM Holdings in a report on Friday, March 11th. Zacks Investment Research raised shares of Sirius XM Holdings from a “sell” rating to a “hold” rating in a report on Thursday, April 14th. Bank of America Corp. reaffirmed a “buy” rating and set a $5.00 price objective on shares of Sirius XM Holdings in a report on Thursday, June 9th. Finally, Buckingham Research reaffirmed a “buy” rating and set a $5.00 price objective on shares of Sirius XM Holdings in a report on Friday, June 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $4.59.

The firm has a market capitalization of $20.08 billion and a price-to-earnings ratio of 40.50. The firm has a 50 day moving average of $3.95 and a 200-day moving average of $3.85.

Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Thursday, April 28th. The company reported $0.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.48 earnings per share. Analysts predict that Sirius XM Holdings Inc. will post $0.15 EPS for the current year.

Several hedge funds and institutional investors have made changes to their positions in SIRI. Neuberger Berman Group LLC increased its position in shares of Sirius XM Holdings by 101.4% in the fourth quarter. Neuberger Berman Group LLC now owns 1,401,926 shares of the company’s stock valued at $5,706,000 after buying an additional 705,894 shares during the last quarter. Korea Investment CORP acquired a new position in shares of Sirius XM Holdings during the fourth quarter valued at $1,232,000. First Trust Advisors LP increased its position in shares of Sirius XM Holdings by 43.4% in the fourth quarter. First Trust Advisors LP now owns 5,363,718 shares of the company’s stock valued at $21,830,000 after buying an additional 1,623,971 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Sirius XM Holdings by 7.8% in the fourth quarter. California Public Employees Retirement System now owns 8,379,700 shares of the company’s stock valued at $34,105,000 after buying an additional 607,200 shares during the last quarter. Finally, Engineers Gate Manager LP increased its position in shares of Sirius XM Holdings by 18.5% in the fourth quarter. Engineers Gate Manager LP now owns 1,558,681 shares of the company’s stock valued at $6,344,000 after buying an additional 242,892 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.