Sirius XM Holdings Inc. (NASDAQ:SIRI) Short Interest Up 4.2% in July
Sirius XM Holdings Inc. (NASDAQ:SIRI) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 266,518,480 shares, a growth of 4.2% from the July 14th total of 255,722,775 shares. Currently, 18.5% of the shares of the company are sold short. Based on an average daily volume of 23,885,922 shares, the short-interest ratio is currently 11.2 days.
Several large investors have recently modified their holdings of SIRI. Pitcairn Co. boosted its stake in shares of Sirius XM Holdings by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after buying an additional 300 shares during the last quarter. Altfest L J & Co. Inc. purchased a new stake in shares of Sirius XM Holdings during the first quarter worth approximately $105,000. Greenwich Wealth Management LLC purchased a new stake in shares of Sirius XM Holdings during the first quarter worth approximately $108,000. Finally, Advisor Partners LLC boosted its stake in shares of Sirius XM Holdings by 103.7% in the second quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after buying an additional 11,938 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.
SIRI has been the subject of several research reports. Macquarie reissued an “outperform” rating and set a $5.85 price objective on shares of Sirius XM Holdings in a report on Thursday, April 13th. Morgan Stanley cut shares of Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 price objective for the company. in a report on Wednesday, April 19th. Vetr cut shares of Sirius XM Holdings from a “buy” rating to a “hold” rating and set a $5.37 price objective for the company. in a report on Tuesday, April 25th. Barclays PLC reissued an “underweight” rating and set a $4.50 price objective (down from $4.90) on shares of Sirius XM Holdings in a report on Monday, May 1st. Finally, Bank of America Corporation reissued a “buy” rating and set a $5.50 price objective on shares of Sirius XM Holdings in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Sirius XM Holdings currently has an average rating of “Buy” and a consensus price target of $5.73.
Sirius XM Holdings (NASDAQ SIRI) opened at 5.50 on Friday. Sirius XM Holdings has a 52-week low of $4.05 and a 52-week high of $5.89. The firm has a 50 day moving average of $5.48 and a 200-day moving average of $5.15. The company has a market capitalization of $25.37 billion, a price-to-earnings ratio of 32.35 and a beta of 1.11.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. Equities analysts expect that Sirius XM Holdings will post $0.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.73%. Sirius XM Holdings’s payout ratio is 25.00%.
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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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