Trade Report: Today, Sirius XM Holdings Inc. (SIRI) Sees Large Growth in Short Interest

Today, Sirius XM Holdings Inc. (SIRI) Sees Large Growth in Short Interest

Sirius XM Holdings Inc. (NASDAQ:SIRI) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 276,899,958 shares, an increase of 21.5% from the October 31st total of 227,921,320 shares. Based on an average daily trading volume, of 55,548,799 shares, the short-interest ratio is currently 5.0 days. Currently, 16.8% of the shares of the company are short sold.

A number of analysts have commented on the stock. Macquarie reaffirmed an “outperform” rating and set a $4.85 target price on shares of Sirius XM Holdings in a report on Friday, September 23rd. BTIG Research initiated coverage on shares of Sirius XM Holdings in a research report on Tuesday, November 22nd. They issued a “neutral” rating for the company. Zacks Investment Research upgraded shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research report on Tuesday, October 4th. JPMorgan Chase & Co. initiated coverage on shares of Sirius XM Holdings in a research report on Monday, September 26th. They issued a “neutral” rating for the company. Finally, Wunderlich reiterated a “buy” rating and issued a $5.00 price target on shares of Sirius XM Holdings in a research report on Sunday, September 4th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $4.84.

Shares of Sirius XM Holdings (NASDAQ:SIRI) opened at 4.605 on Friday. The stock has a market cap of $22.22 billion, a P/E ratio of 35.698 and a beta of 1.24. The stock has a 50 day moving average of $4.27 and a 200 day moving average of $4.14. Sirius XM Holdings has a 52 week low of $3.29 and a 52 week high of $4.65.

Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Thursday, October 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sirius XM Holdings had a negative return on equity of 133.77% and a net margin of 13.70%. Sirius XM Holdings’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. On average, analysts expect that Sirius XM Holdings will post $0.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 9th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, November 7th. Sirius XM Holdings’s dividend payout ratio is currently 30.77%.

Several hedge funds have recently added to or reduced their stakes in SIRI. D.A. Davidson & CO. boosted its position in Sirius XM Holdings by 133.4% in the third quarter. D.A. Davidson & CO. now owns 26,418 shares of the company’s stock worth $110,000 after buying an additional 15,099 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Sirius XM Holdings by 6.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 13,703,494 shares of the company’s stock worth $57,144,000 after buying an additional 775,091 shares during the last quarter. LPL Financial LLC boosted its position in Sirius XM Holdings by 10.0% in the third quarter. LPL Financial LLC now owns 29,668 shares of the company’s stock worth $124,000 after buying an additional 2,686 shares during the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new position in Sirius XM Holdings during the third quarter worth approximately $169,000. Finally, Dai Ichi Life Holdings Inc. boosted its position in Sirius XM Holdings by 47.0% in the third quarter. Dai Ichi Life Holdings Inc. now owns 49,602 shares of the company’s stock worth $207,000 after buying an additional 15,848 shares during the last quarter. 20.28% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Holdings Company Profile

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