Sirius XM Holdings Inc. (NASDAQ:SIRI) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 237,419,560 shares, a decline of 5.6% from the August 15th total of 251,422,520 shares. Based on an average daily volume of 13,961,699 shares, the short-interest ratio is currently 17.0 days. Approximately 16.5% of the company’s stock are sold short.

Shares of Sirius XM Holdings (NASDAQ:SIRI) opened at 5.44 on Friday. The stock has a 50 day moving average of $5.61 and a 200-day moving average of $5.28. The stock has a market capitalization of $25.09 billion, a PE ratio of 32.00 and a beta of 1.08. Sirius XM Holdings has a one year low of $4.05 and a one year high of $5.89.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio (DPR) is 25.00%.

Several research firms have recently issued reports on SIRI. KeyCorp reaffirmed a “hold” rating on shares of Sirius XM Holdings in a research report on Friday, August 25th. Citigroup Inc. lifted their price objective on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the stock a “buy” rating in a research report on Monday, August 7th. Vetr raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price objective for the company in a research report on Monday, August 7th. BidaskClub raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Sirius XM Holdings presently has an average rating of “Buy” and a consensus target price of $5.73.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capstone Asset Management Co. lifted its stake in Sirius XM Holdings by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 65,346 shares of the company’s stock worth $357,000 after purchasing an additional 170 shares in the last quarter. Scotia Capital Inc. lifted its stake in Sirius XM Holdings by 0.8% in the 2nd quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock worth $139,000 after purchasing an additional 206 shares in the last quarter. Pitcairn Co. lifted its stake in Sirius XM Holdings by 1.3% in the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after purchasing an additional 237 shares in the last quarter. GM Advisory Group Inc. lifted its stake in Sirius XM Holdings by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 33,185 shares of the company’s stock worth $182,000 after purchasing an additional 290 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in Sirius XM Holdings by 1.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after purchasing an additional 300 shares in the last quarter. 20.42% of the stock is currently owned by institutional investors and hedge funds.

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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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