Baystate Wealth Management Exits Position in Sirius XM Holdings (SIRI)

Sirius XM Holdings (SIRI) : Baystate Wealth Management has sold out all of its stake in Sirius XM Holdings during the most recent quarter, according to the disclosure filed by the company on Jul 1, 2016 with the SEC. The investment management company has sold out 10,000 shares of Sirius XM Holdings which is valued at $39,700.

Sirius XM Holdings opened for trading at $3.95 and hit $4.01 on the upside on Friday, eventually ending the session at $3.97, with a gain of 0.51% or 0.02 points. The heightened volatility saw the trading volume jump to 5,54,01,835 shares. Company has a market cap of $19,684 M.

On the company’s financial health, Sirius XM Holdings reported $0.03 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.03. The company had revenue of $1201.00 million for the quarter, compared to analysts expectations of $1184.28 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Sirius XM Holdings. Company shares were Reiterated by Wunderlich on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 5 from a previous price target of $4.60 .

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