Sirius XM Holdings Inc. (NASDAQ:SIRI) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 223,129,924 shares, a decrease of 1.7% from the October 13th total of 227,002,434 shares. Currently, 15.7% of the company’s stock are short sold. Based on an average daily volume of 17,024,630 shares, the short-interest ratio is presently 13.1 days.
Large investors have recently modified their holdings of the stock. Macquarie Group Ltd. boosted its stake in Sirius XM Holdings by 476.2% during 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 period. Colony Group LLC acquired a new stake in Sirius XM Holdings during the 2nd quarter worth $102,000. Pitcairn Co. boosted its stake in Sirius XM Holdings by 1.3% during 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 period. Toronto Dominion Bank boosted its stake in Sirius XM Holdings by 9.7% during 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 period. Finally, Kalos Management Inc. acquired a new stake in Sirius XM Holdings during the 3rd quarter worth $114,000. Hedge funds and other institutional investors own 20.36% of the company’s stock.
Shares of Sirius XM Holdings (SIRI) opened at $5.35 on Wednesday. The firm has a market cap of $25,280.00, a price-to-earnings ratio of 29.67, a P/E/G ratio of 1.72 and a beta of 1.13. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19. Sirius XM Holdings has a 52 week low of $4.22 and a 52 week high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Sirius XM Holdings had a net margin of 16.71% and a negative return on equity of 93.51%. Sirius XM Holdings’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. analysts forecast that Sirius XM Holdings will post 0.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be paid a dividend of $0.011 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.82%. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s dividend payout ratio is currently 22.22%.
SIRI has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Citigroup Inc. increased their price objective on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a research report on Monday, August 7th. FBR & Co reissued an “outperform” rating and issued a $6.00 price objective (up from $5.70) on shares of Sirius XM Holdings in a research report on Sunday, July 30th. Vetr raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price objective on the stock in a research report on Monday, August 7th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $6.00 price objective on shares of Sirius XM Holdings in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Sirius XM Holdings presently has a consensus rating of “Buy” and a consensus target price of $6.01.
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About Sirius XM Holdings
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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