Today’s Price Action: Sirius XM Holdings Inc.’s Trend Up, Especially After Today’s Strong Session

Today's Price Action: Sirius XM Holdings Inc.'s Trend Up, Especially After Today's Strong Session

The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) is a huge mover today! About 18.86M shares traded hands. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 3.29% since March 9, 2016 and is uptrending. It has underperformed by 4.12% the S&P500.
The move comes after 9 months positive chart setup for the $19.90B company. It was reported on Oct, 12 by Barchart.com. We have $6.14 PT which if reached, will make NASDAQ:SIRI worth $9.95B more.

Analysts await Sirius XM Holdings Inc. (NASDAQ:SIRI) to report earnings on October, 27. They expect $0.04 earnings per share, up 33.33% or $0.01 from last year’s $0.03 per share. SIRI’s profit will be $194.62M for 25.56 P/E if the $0.04 EPS becomes a reality. After $0.03 actual earnings per share reported by Sirius XM Holdings Inc. for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Sirius XM Holdings Inc. (NASDAQ:SIRI) Ratings Coverage

Out of 7 analysts covering Sirius XM Holdings (NASDAQ:SIRI), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Sirius XM Holdings has been the topic of 14 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Pivotal Research maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) on Friday, September 30 with “Buy” rating. RBC Capital Markets maintained the shares of SIRI in a report on Monday, October 26 with “Sector Perform” rating. JP Morgan reinitiated the stock with “Neutral” rating in Monday, September 26 report. The firm has “Neutral” rating given on Monday, December 14 by JP Morgan. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) has “Buy” rating given on Thursday, October 22 by Pivotal Research. On Friday, August 14 the stock rating was maintained by Barclays Capital with “Overweight”. On Wednesday, July 29 the stock rating was upgraded by Wunderlich to “Buy”. As per Friday, September 18, the company rating was initiated by Gabelli. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Buy”. The company was maintained on Wednesday, February 3 by RBC Capital Markets.

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.”

Insitutional Activity: The institutional sentiment increased to 0.85 in Q2 2016. Its up 0.20, from 0.65 in 2016Q1. The ratio increased, as 37 funds sold all Sirius XM Holdings Inc. shares owned while 135 reduced positions. 51 funds bought stakes while 96 increased positions. They now own 996.10 million shares or 5.64% less from 1.06 billion shares in 2016Q1.
Johnson Counsel Inc holds 0% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 11,575 shares. Ig Inv Mngmt Limited accumulated 570,957 shares or 0.01% of the stock. Amp Cap Invsts has invested 0.05% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI). Bancorpsouth Inc holds 12,000 shares or 0.01% of its portfolio. The Massachusetts-based Babson Capital Mgmt Limited Liability Corp has invested 0.02% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Tudor Inv Corp Et Al accumulated 0.01% or 117,700 shares. Avenir Corporation has 0.01% invested in the company for 16,940 shares. Veritable Ltd Partnership holds 40,546 shares or 0% of its portfolio. The Colorado-based Rocky Mountain Advisers Limited Liability Com has invested 0.01% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Citadel Advisors Limited Com reported 3.75 million shares or 0.02% of all its holdings. Stratos Wealth Partners Limited last reported 0.01% of its portfolio in the stock. Mitsubishi Ufj Secs Holdings has 3,110 shares for 0.02% of their US portfolio. Thompson Davis & owns 1,000 shares or 0.01% of their US portfolio. Commonwealth Bank Of holds 0.01% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 110,401 shares. Kistler owns 120 shares or 0% of their US portfolio.

More recent Sirius XM Holdings Inc. (NASDAQ:SIRI) news were published by: Profitconfidential.com which released: “Sirius XM Holdings Inc.: 92% Upside in SIRI Stock?” on September 28, 2016. Also Prnewswire.com published the news titled: “David Frear to Present at FBR’s Investor Conference” on October 04, 2016. 247Wallst.com‘s news article titled: “The 6 Most Shorted Nasdaq Stocks” with publication date: October 12, 2016 was also an interesting one.

SIRI Company Profile

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.

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