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 September. As of September 15th, there was short interest totalling 229,413,860 shares, an increase of 3.6% from the August 31st total of 221,459,290 shares. Approximately 13.5% of the shares of the company are short sold. Based on an average daily volume of 55,949,317 shares, the short-interest ratio is presently 4.1 days.
Shares of Sirius XM Holdings (NASDAQ:SIRI) opened at 4.17 on Friday. The firm has a market capitalization of $20.34 billion, a PE ratio of 34.75 and a beta of 1.41. The stock has a 50 day moving average of $4.17 and a 200-day moving average of $4.04. Sirius XM Holdings has a 12 month low of $3.29 and a 12 month high of $4.44.
Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Tuesday, July 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. Sirius XM Holdings had a net margin of 13.44% and a negative return on equity of 179.05%. The business earned $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts anticipate that Sirius XM Holdings will post $0.14 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its position in shares of Sirius XM Holdings by 2.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,398,833 shares of the company’s stock worth $17,376,000 after buying an additional 106,224 shares during the last quarter. Stifel Financial Corp raised its stake in Sirius XM Holdings by 20.9% in the second quarter. Stifel Financial Corp now owns 121,719 shares of the company’s stock valued at $481,000 after buying an additional 21,000 shares in the last quarter. Amalgamated Bank raised its stake in Sirius XM Holdings by 75.3% in the second quarter. Amalgamated Bank now owns 129,771 shares of the company’s stock valued at $549,000 after buying an additional 55,739 shares in the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in Sirius XM Holdings during the second quarter valued at about $132,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Sirius XM Holdings by 4.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 748,600 shares of the company’s stock valued at $2,957,000 after buying an additional 34,400 shares in the last quarter. 20.82% of the stock is currently owned by institutional investors.
Several analysts have weighed in on SIRI shares. Buckingham Research reissued a “buy” rating and set a $5.00 target price on shares of Sirius XM Holdings in a research report on Friday, June 3rd. Bank of America Corp. reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Sirius XM Holdings in a report on Thursday, June 9th. Zacks Investment Research raised shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Monday, June 27th. Telsey Advisory Group initiated coverage on shares of Sirius XM Holdings in a report on Tuesday, July 12th. They issued a “market perform” rating and a $4.59 price objective on the stock. Finally, Sanford C. Bernstein initiated coverage on shares of Sirius XM Holdings in a report on Tuesday, July 12th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $4.74.
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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