As Sirius Xm Radio (SIRI) Stock Value Rose, Zazove Associates Decreased Its Holding by $475,000; Trilogy Global Advisors LP Continues to Hold Holding in Baidu (BIDU)

April 23, 2018 - By Darrin Black

Sirius XM Holdings Inc. (NASDAQ:SIRI) Logo

Trilogy Global Advisors Lp increased its stake in Baidu Inc (BIDU) by 0.53% based on its latest 2017Q4 regulatory filing with the SEC. Trilogy Global Advisors Lp bought 5,361 shares as the company’s stock declined 3.38% with the market. The institutional investor held 1.02M shares of the technology company at the end of 2017Q4, valued at $239.71 million, up from 1.02 million at the end of the previous reported quarter. Trilogy Global Advisors Lp who had been investing in Baidu Inc for a number of months, seems to be bullish on the $80.46B market cap company. The stock decreased 0.60% or $1.4 during the last trading session, reaching $231.1. About 1.27M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since April 23, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

Zazove Associates Llc decreased its stake in Sirius Xm Radio Inc (SIRI) by 38.78% based on its latest 2017Q4 regulatory filing with the SEC. Zazove Associates Llc sold 95,000 shares as the company’s stock rose 15.46% while stock markets declined. The institutional investor held 150,000 shares of the broadcasting company at the end of 2017Q4, valued at $804,000, down from 245,000 at the end of the previous reported quarter. Zazove Associates Llc who had been investing in Sirius Xm Radio Inc for a number of months, seems to be less bullish one the $28.28 billion market cap company. The stock decreased 0.24% or $0.015 during the last trading session, reaching $6.295. About 6.78 million shares traded. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 21.57% since April 23, 2017 and is uptrending. It has outperformed by 10.02% the S&P500.

Trilogy Global Advisors Lp, which manages about $14.31 billion and $1.58 billion US Long portfolio, decreased its stake in Taiwan Semiconductor Mfg Ltd (NYSE:TSM) by 417,559 shares to 1.13M shares, valued at $44.80M in 2017Q4, according to the filing.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Baidu had 65 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 30. Bernstein maintained it with “Sell” rating and $15200 target in Friday, July 14 report. The rating was downgraded by Credit Suisse on Friday, October 28 to “Neutral”. The rating was maintained by Oppenheimer on Friday, July 28 with “Buy”. The rating was downgraded by Deutsche Bank on Wednesday, September 28 to “Hold”. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, February 15. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, October 31. The company was downgraded on Monday, January 29 by Nomura. Jefferies maintained Baidu, Inc. (NASDAQ:BIDU) on Friday, October 27 with “Buy” rating. Citigroup downgraded the shares of BIDU in report on Monday, June 13 to “Neutral” rating.

Among 17 analysts covering Sirius XM Holdings (NASDAQ:SIRI), 8 have Buy rating, 2 Sell and 7 Hold. Therefore 47% are positive. Sirius XM Holdings had 42 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Piper Jaffray given on Thursday, July 27. Piper Jaffray maintained the shares of SIRI in report on Wednesday, October 11 with “Buy” rating. The rating was maintained by Pivotal Research with “Buy” on Thursday, July 27. The stock has “Hold” rating by RBC Capital Markets on Thursday, January 11. The rating was downgraded by Barclays Capital on Wednesday, March 22 to “Equal-Weight”. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) earned “Hold” rating by RBC Capital Markets on Wednesday, January 31. On Tuesday, February 27 the stock rating was maintained by FBR Capital with “Buy”. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, February 1 report. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) earned “Hold” rating by RBC Capital Markets on Monday, October 16. On Friday, January 19 the stock rating was upgraded by Deutsche Bank to “Buy”.

Analysts await Sirius XM Holdings Inc. (NASDAQ:SIRI) to report earnings on April, 25 before the open. They expect $0.05 earnings per share, up 25.00% or $0.01 from last year’s $0.04 per share. SIRI’s profit will be $224.59M for 31.48 P/E if the $0.05 EPS becomes a reality. After $0.05 actual earnings per share reported by Sirius XM Holdings Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Zazove Associates Llc, which manages about $5.11B and $1.70B US Long portfolio, upped its stake in Rpm International Inc (Prn) by 6.08 million shares to 68.31 million shares, valued at $79.50M in 2017Q4, according to the filing. It also increased its holding in Biomarin Pharmaceutical Inc (Prn) by 1.39 million shares in the quarter, for a total of 23.69M shares, and has risen its stake in Ciena Corp (Prn).

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.25, from 0.93 in 2017Q3. It increased, as 36 investors sold SIRI shares while 108 reduced holdings. 46 funds opened positions while 124 raised stakes. 850.39 million shares or 3.82% less from 884.13 million shares in 2017Q3 were reported. Gm Advisory Group stated it has 0.05% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI). State Board Of Administration Of Florida Retirement Systems invested in 0.05% or 3.53M shares. Winslow Evans And Crocker accumulated 7,640 shares. Inv Advsr invested 0.92% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI). Jfs Wealth Advsr Limited Liability Corporation reported 2,790 shares. Marshall Wace Ltd Liability Partnership holds 0.01% or 54,268 shares in its portfolio. Sumitomo Mitsui Tru Hldgs Inc invested in 5.05 million shares. Sequoia Fincl Advsr has invested 0.01% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI). Netherlands-based Apg Asset Mgmt Nv has invested 0.11% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Panagora Asset Mngmt Inc has 42,436 shares. Veritable LP holds 40,086 shares. Fin Advisers Ltd Llc invested in 125,887 shares or 0.01% of the stock. Oz Mgmt LP reported 0% stake. Valmark Advisers Inc reported 20,230 shares. Swiss Bank & Trust reported 0.03% in Sirius XM Holdings Inc. (NASDAQ:SIRI).

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