The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) hit a new 52-week high and has $4.92 target or 7.00% above today’s $4.60 share price. The 9 months bullish chart indicates low risk for the $22.24 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $4.92 price target is reached, the company will be worth $1.56B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 10.34 million shares traded hands. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 17.01% since April 21, 2016 and is uptrending. It has outperformed by 11.68% the S&P500.
Analysts await Sirius XM Holdings Inc. (NASDAQ:SIRI) to report earnings on February, 7. 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 $193.39 million for 28.75 P/E if the $0.04 EPS becomes a reality. After $0.04 actual earnings per share reported by Sirius XM Holdings Inc. for the previous quarter, Wall Street now forecasts 0.00% 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 the shares of SIRI in a report on Friday, September 30 with “Buy” rating. The rating was initiated by JP Morgan on Monday, December 14 with “Neutral”. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) earned “Buy” rating by Wunderlich on Wednesday, July 29. As per Monday, September 26, the company rating was reinitiated by JP Morgan. The firm has “Buy” rating by Zacks given on Tuesday, August 4. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, October 26. Barclays Capital maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) rating on Friday, August 14. Barclays Capital has “Overweight” rating and $4.60 price target. Pivotal Research maintained it with “Buy” rating and $5.25 target price in Thursday, October 22 report. On Friday, September 18 the stock rating was initiated by Gabelli with “Buy”. On Friday, April 29 the stock rating was maintained by Wunderlich with “Buy”.
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 decreased to 0.82 in Q2 2016. Its down 0.03, from 0.85 in 2016Q1. The ratio turned negative, 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.
Tudor Et Al, a Connecticut-based fund reported 117,700 shares. Parametric Portfolio Associates Llc reported 1.15M shares or 0.01% of all its holdings. Hillsdale Invest Mgmt Incorporated owns 3,010 shares or 0% of their US portfolio. Caisse De Depot Et Placement Du Quebec has 748,600 shares for 0.01% of their US portfolio. Wade G W & Inc has 21,815 shares for 0.01% of their US portfolio. Great West Life Assurance Com Can owns 1.34 million shares or 0.02% of their US portfolio. Timber Hill Limited Liability Corp last reported 103,387 shares in the company. Moreover, Janney Montgomery Scott Limited Co has 0% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 66,502 shares. Raymond James Services Advsrs owns 1.34 million shares or 0.05% of their US portfolio. Commerzbank Aktiengesellschaft Fi holds 165,522 shares or 0% of its portfolio. The Nevada-based Whittier Communication Of Nevada has invested 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Hbk Sorce Advisory Limited Company holds 14,795 shares or 0.01% of its portfolio. X Mngmt accumulated 0.01% or 27,504 shares. The New York-based Corsair Management Limited Partnership has invested 0.25% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Sequoia Finance Advsrs Limited Liability Co accumulated 0.01% or 12,630 shares.
More news for Sirius XM Holdings Inc. (NASDAQ:SIRI) were recently published by: Profitconfidential.com, which released: “Sirius XM Holdings Inc.: This Is Why SIRI Stock Is Going Crazy” on November 14, 2016. Fool.com‘s article titled: “Sirius XM Stock Hits a 10-Year High” and published on November 15, 2016 is yet another important article.
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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