Sirius XM Holdings Inc. (NASDAQ:SIRI) saw a significant decline in short interest during the month of September. As of September 29th, there was short interest totalling 232,837,495 shares, a decline of 4.0% from the September 15th total of 242,485,547 shares. Currently, 16.2% of the company’s stock are sold short. Based on an average daily volume of 13,507,814 shares, the short-interest ratio is presently 17.2 days.

SIRI has been the topic of several analyst reports. Citigroup Inc. lifted their target price on Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a research note on Monday, August 7th. FBR & Co reiterated an “outperform” rating and issued a $6.00 target price (up previously from $5.70) on shares of Sirius XM Holdings in a research note on Sunday, July 30th. Vetr lowered Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 target price on the stock. in a research note on Monday, July 17th. Zacks Investment Research lowered Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, BidaskClub lowered Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $5.96.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Sirius XM Holdings by 3,534.6% in the 1st quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock valued at $422,980,000 after acquiring an additional 79,871,880 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Sirius XM Holdings by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,433,991 shares of the company’s stock valued at $429,035,000 after acquiring an additional 957,278 shares during the last quarter. FMR LLC increased its holdings in shares of Sirius XM Holdings by 3.8% in the 2nd quarter. FMR LLC now owns 43,576,316 shares of the company’s stock valued at $238,362,000 after acquiring an additional 1,614,259 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sirius XM Holdings by 119.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock valued at $188,025,000 after acquiring an additional 18,694,885 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of Sirius XM Holdings by 22.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock valued at $72,524,000 after acquiring an additional 2,436,197 shares during the last quarter. Institutional investors and hedge funds own 20.26% of the company’s stock.

Shares of Sirius XM Holdings (NASDAQ SIRI) opened at 5.71 on Wednesday. The firm has a 50-day moving average price of $5.58 and a 200 day moving average price of $5.35. Sirius XM Holdings has a one year low of $4.07 and a one year high of $5.89. The firm has a market cap of $26.34 billion, a P/E ratio of 33.59 and a beta of 1.07.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a $0.011 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s dividend payout ratio is presently 25.00%.

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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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