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

Shares of Sirius XM Holdings (SIRI) opened at 5.71 on Friday. The firm has a market capitalization of $26.34 billion, a price-to-earnings ratio of 33.59 and a beta of 1.07. The stock’s 50 day moving average price is $5.58 and its 200-day moving average price is $5.34. Sirius XM Holdings has a 52 week low of $4.07 and a 52 week high of $5.89.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.011 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a dividend yield of 0.77%. Sirius XM Holdings’s dividend payout ratio is 25.00%.

Several institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank increased its position in shares of Sirius XM Holdings by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after purchasing an additional 1,799 shares during the last quarter. Colony Group LLC bought a new position in shares of Sirius XM Holdings during the 2nd quarter valued at about $102,000. National Asset Management Inc. increased its position in shares of Sirius XM Holdings by 33.1% during the 2nd quarter. National Asset Management Inc. now owns 29,711 shares of the company’s stock valued at $163,000 after purchasing an additional 7,386 shares during the last quarter. Chiron Investment Management LLC increased its position in shares of Sirius XM Holdings by 143.9% during the 2nd quarter. Chiron Investment Management LLC now owns 2,709,646 shares of the company’s stock valued at $14,822,000 after purchasing an additional 1,598,500 shares during the last quarter. Finally, Scotia Capital Inc. increased its position in shares of Sirius XM Holdings by 0.8% during the 2nd quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock valued at $139,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Vetr upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price target on the stock in a research report on Monday, August 7th. KeyCorp restated a “hold” rating on shares of Sirius XM Holdings in a research report on Friday, August 25th. Piper Jaffray Companies set a $7.00 price target on Sirius XM Holdings and gave the stock a “buy” rating in a research report on Wednesday. Finally, Bank of America Corporation set a $7.00 price target on Sirius XM Holdings and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $5.96.

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Sirius XM Holdings Company Profile

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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