Rs Investment Management Co buys $67,210,176 stake in Sirius XM Holdings (SIRI)

Sirius XM Holdings (SIRI) : Rs Investment Management Co scooped up 124,330 additional shares in Sirius XM Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 15,275,040 shares of Sirius XM Holdings which is valued at $67,210,176.Sirius XM Holdings makes up approximately 0.66% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including ,

Sirius XM Holdings opened for trading at $4.34 and hit $4.44 on the upside on Friday, eventually ending the session at $4.39, with a gain of 0.69% or 0.03 points. The heightened volatility saw the trading volume jump to 5,00,87,441 shares. Company has a market cap of $21,414 M.

On the company’s financial health, Sirius XM Holdings reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.04. The company had revenue of $1235.57 million for the quarter, compared to analysts expectations of $1224.54 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Sirius XM Holdings. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 4.75 from a previous price target of $4.25 .Telsey Advisory Group Initiated Sirius XM Holdings on Jul 12, 2016 to “Market Perform”, Price Target of the shares are set at $4.59.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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