November 28, 2016 - By Ellis Scott · 0 Comments
Sirius XM Holdings Inc (NASDAQ:SIRI) institutional sentiment decreased to 0.82 in Q2 2016. Its down -0.03, from 0.85 in 2016Q1. The ratio fall, as 147 institutional investors increased or opened new holdings, while 172 cut down and sold their stock positions in Sirius XM Holdings Inc. The institutional investors in our partner’s database now own: 996.10 million shares, down from 1.06 billion shares in 2016Q1. Also, the number of institutional investors holding Sirius XM Holdings Inc in their top 10 holdings was flat from 2 to 2 for the same number . Sold All: 37 Reduced: 135 Increased: 96 New Position: 51.
About 12.53M shares traded hands. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 16.12% since April 25, 2016 and is uptrending. It has outperformed by 10.11% the S&P500.
Analysts await Sirius XM Holdings Inc. (NASDAQ:SIRI) to report earnings on February, 7. They expect $0.04 EPS, up 33.33% or $0.01 from last year’s $0.03 per share. SIRI’s profit will be $194.49 million for 28.56 P/E if the $0.04 EPS becomes a reality. After $0.04 actual EPS reported by Sirius XM Holdings Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “Sirius XM Holdings Inc. is a radio broadcasting company. It creates and broadcasts commercial-free music; premier sports and live events; news and comedy; exclusive talk and entertainment; and the most comprehensive lineup of Latin commercial-free music, sports, and talk programming in radio. SiriusXM content is available via satellite and through the SiriusXM Internet Radio app for smartphones and other connected devices, as well as online at siriusxm.com. Sirius XM Holdings Inc., formerly known as Sirius XM Radio Inc., is headquartered in New York.”
Sarbit Advisory Services Inc. holds 13.95% of its portfolio in Sirius XM Holdings Inc. for 17.95 million shares. Brahman Capital Corp. owns 68.11 million shares or 8.85% of their US portfolio. Moreover, Iridian Asset Management Llc Ct has 2.42% invested in the company for 66.07 million shares. The Illinois-based Bruce & Co. Inc. has invested 2% in the stock. New South Capital Management Inc, a Tennessee-based fund reported 20.42 million shares.#img1#
Ratings analysis reveals 57% of Sirius XM Holdings’s analysts are positive. Out of 7 Wall Street analysts rating Sirius XM Holdings, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $4.25 while the high is $5.65. The stock’s average target of $4.75 is 3.94% above today’s ($4.57) share price. SIRI was included in 14 notes of analysts from July 29, 2015. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) has “Neutral” rating given on Monday, September 26 by JP Morgan. Pivotal Research maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) rating on Thursday, October 22. Pivotal Research has “Buy” rating and $5.25 price target. The rating was maintained by Pivotal Research on Friday, September 30 with “Buy”. The firm earned “Sector Perform” rating on Wednesday, February 3 by RBC Capital Markets. The stock has “Buy” rating given by Gabelli on Friday, September 18. Wunderlich maintained it with “Buy” rating and $5 target price in Friday, April 29 report. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) has “Overweight” rating given on Friday, August 14 by Barclays Capital. RBC Capital Markets maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) on Monday, October 26 with “Sector Perform” rating. As per Monday, December 14, the company rating was initiated by JP Morgan. The firm has “Buy” rating given on Tuesday, August 4 by Zacks.
Sirius Xm Holdings Inc., incorporated on May 21, 2013, transmits music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its approximately two satellite radio systems. Subscribers can also receive music and other channels, and features, such as SiriusXM On Demand and MySXM, over its Internet radio service, including through applications for mobile devices. The Firm also provides connected vehicle services. The Firm has agreements with automakers to offer satellite radio in their vehicles. Additionally, the Company distributes its satellite radios through retailers online and at locations across the nation and through its Website, www.siriusxm.com. The Firm also offers satellite radio services to clients of certain rental car companies.
More news for Sirius XM Holdings Inc. (NASDAQ:SIRI) were recently published by: Profitconfidential.com, which released: “Sirius XM Holdings Inc.: This Is Why SIRI Stock Is Going Crazy” on November 14, 2016. Fool.com‘s article titled: “Sirius XM Stock Hits a 10-Year High” and published on November 15, 2016 is yet another important article.
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By Ellis Scott