Sirius XM Holdings Inc. (NASDAQ:SIRI) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $4.20 and last traded at $4.18, with a volume of 36,760,102 shares changing hands. The stock had previously closed at $4.17.

A number of research analysts have recently commented on SIRI shares. Vetr downgraded Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $4.36 target price for the company. in a research report on Wednesday, April 13th. Bank of America Corp. reiterated a “buy” rating and set a $5.00 target price on shares of Sirius XM Holdings in a research report on Tuesday, April 12th. Zacks Investment Research upgraded Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Monday, June 27th. Macquarie reiterated an “outperform” rating and set a $4.40 target price on shares of Sirius XM Holdings in a research report on Saturday, May 14th. Finally, Telsey Advisory Group assumed coverage on Sirius XM Holdings in a research report on Tuesday, July 12th. They set a “market perform” rating and a $4.59 target price for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $4.59.

The company’s 50-day moving average is $4.00 and its 200 day moving average is $3.86. The stock has a market cap of $20.73 billion and a PE ratio of 41.80.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The business earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.48 EPS. Equities research analysts forecast that Sirius XM Holdings Inc. will post $0.15 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. Andra AP fonden boosted its stake in shares of Sirius XM Holdings by 21.5% in the fourth quarter. Andra AP fonden now owns 645,900 shares of the company’s stock worth $2,629,000 after buying an additional 114,200 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of Sirius XM Holdings by 5.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 304,385 shares of the company’s stock worth $1,239,000 after buying an additional 14,578 shares during the period. Edge Asset Management Inc. purchased a new stake in shares of Sirius XM Holdings during the fourth quarter worth about $8,447,000. Morgan Stanley boosted its stake in shares of Sirius XM Holdings by 23.6% in the fourth quarter. Morgan Stanley now owns 2,572,840 shares of the company’s stock worth $10,473,000 after buying an additional 491,752 shares during the period. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Sirius XM Holdings during the fourth quarter worth about $1,445,000.

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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