Sirius XM Holdings Inc. (SIRI) Short Interest Down 4.0% in September
Sirius XM Holdings Inc. (NASDAQ:SIRI) was the recipient of a significant decrease in short interest in the month of September. As of September 29th, there was short interest totalling 232,837,495 shares, a decrease of 4.0% from the September 15th total of 242,485,547 shares. Approximately 16.2% of the shares of the stock are sold short. Based on an average trading volume of 13,507,814 shares, the short-interest ratio is currently 17.2 days.
Shares of Sirius XM Holdings (NASDAQ SIRI) opened at 5.71 on Monday. The company has a 50-day moving average price of $5.58 and a 200 day moving average price of $5.35. The firm has a market capitalization of $26.34 billion, a PE ratio of 33.59 and a beta of 1.07. Sirius XM Holdings has a 52-week low of $4.07 and a 52-week high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting the 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 firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company posted $0.04 EPS. Sirius XM Holdings’s revenue was up 9.1% on a year-over-year basis. Analysts expect that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a $0.011 dividend. This represents a $0.04 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, November 8th. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s payout ratio is 25.00%.
A number of research analysts recently weighed in on SIRI shares. Piper Jaffray Companies set a $7.00 price objective on Sirius XM Holdings and gave the stock a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada began coverage on Sirius XM Holdings in a research report on Friday, September 15th. They issued a “sector perform” rating and a $6.00 price objective on the stock. Macquarie restated a “buy” rating and issued a $6.00 price objective (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Finally, BidaskClub upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $5.96.
Hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its position in Sirius XM Holdings by 476.2% in the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after purchasing an additional 15,200 shares during the last quarter. Colony Group LLC bought a new position in Sirius XM Holdings in the 2nd quarter worth approximately $102,000. Pitcairn Co. raised its position 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 during the last quarter. Toronto Dominion Bank raised its position in Sirius XM Holdings by 9.7% in the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after purchasing an additional 1,799 shares during the last quarter. Finally, Advisor Partners LLC raised its position in Sirius XM Holdings by 103.7% in the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after purchasing an additional 11,938 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.
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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