Sirius XM Holdings (SIRI) : Sarbit Advisory Services reduced its stake in Sirius XM Holdings by 29.18% during the most recent quarter end. The investment management company now holds a total of 22,356,800 shares of Sirius XM Holdings which is valued at $87 Million after selling 9,210,000 shares in Sirius XM Holdings , the firm said in a disclosure report filed with the SEC on May 13, 2016.Sirius XM Holdings makes up approximately 15.28% of Sarbit Advisory Services’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SIRI in the latest quarter, The investment management firm added 1,640,022 additional shares and now holds a total of 94,938,066 shares of Sirius XM Holdings which is valued at $369.3 Million. Sirius XM Holdings makes up approx 0.02% of Vanguard Group Inc’s portfolio.Rs Investment Management Co boosted its stake in SIRI in the latest quarter, The investment management firm added 7,124,620 additional shares and now holds a total of 15,150,710 shares of Sirius XM Holdings which is valued at $58.9 Million. Sirius XM Holdings makes up approx 0.59% of Rs Investment Management Co’s portfolio. Quantitative Investment Management sold out all of its stake in SIRI during the most recent quarter. The investment firm sold 355,100 shares of SIRI which is valued $1.4 Million.First Mercantile Trust Co reduced its stake in SIRI by selling 26,225 shares or 18.05% in the most recent quarter. The Hedge Fund company now holds 119,060 shares of SIRI which is valued at $470,287. Sirius XM Holdings makes up approx 0.06% of First Mercantile Trust Co’s portfolio.
Sirius XM Holdings opened for trading at $3.95 and hit $4 on the upside on Wednesday, eventually ending the session at $4, with a gain of 1.01% or 0.04 points. The heightened volatility saw the trading volume jump to 3,73,05,017 shares. Company has a market cap of $19,833 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 .