Sirius XM Holdings Inc (NASDAQ:SIRI)’s Trend Up, Especially After Decreased Shorts

July 12, 2018 - By Peter Erickson

Sirius XM Holdings Inc. (NASDAQ:SIRI) Logo

Investors sentiment decreased to 0.84 in 2018 Q1. Its down 0.34, from 1.18 in 2017Q4. It dived, as 51 investors sold Sirius XM Holdings Inc. shares while 131 reduced holdings. 50 funds opened positions while 102 raised stakes. 811.44 million shares or 4.58% less from 850.39 million shares in 2017Q4 were reported.
Eagle Asset Management stated it has 0.56% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Fred Alger Mgmt holds 0% or 2,619 shares. 9.31M were reported by National Bank Of New York Mellon Corporation. Wilbanks Smith & Thomas Asset Management Ltd Liability Corp reported 0.01% stake. Meiji Yasuda Asset Mngmt Co Ltd holds 0.01% or 22,075 shares in its portfolio. 59,925 were accumulated by Bokf Na. Clearbridge Lc invested 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Morgan Stanley accumulated 0% or 2.34 million shares. Optimum Investment holds 0.23% or 128,000 shares. First Republic Mngmt holds 91,342 shares. Greenwich Wealth Mngmt Ltd Liability Corporation holds 14,974 shares. Veritable Limited Partnership invested in 0.01% or 40,086 shares. Clark Mgmt Gru holds 0% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 20,917 shares. 28,108 were accumulated by Palladium Ptnrs Limited Liability. Ipg Advsrs Limited has invested 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI).

The stock of Sirius XM Holdings Inc (NASDAQ:SIRI) registered a decrease of 2.54% in short interest. SIRI’s total short interest was 209.61 million shares in July as published by FINRA. Its down 2.54% from 215.07M shares, reported previously. With 15.78M shares average volume, it will take short sellers 13 days to cover their SIRI’s short positions. The short interest to Sirius XM Holdings Inc’s float is 16.27%.

The stock increased 0.43% or $0.03 during the last trading session, reaching $7.08. About 6.02 million shares traded. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 35.74% since July 12, 2017 and is uptrending. It has outperformed by 23.17% the S&P500.

Sirius XM Holdings Inc. provides satellite radio services in the United States. The company has market cap of $31.71 billion. The firm broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels. It has a 44.53 P/E ratio. It also streams music and non-music channels over the Internet; and offer applications to allow clients to access its Internet radio service on smartphones, tablets, computers, home devices, and other consumer electronic equipment.

Sirius XM Holdings Inc. (NASDAQ:SIRI) Ratings Coverage

Among 14 analysts covering Sirius XM Holdings (NASDAQ:SIRI), 6 have Buy rating, 3 Sell and 5 Hold. Therefore 43% are positive. Sirius XM Holdings had 20 analyst reports since January 19, 2018 according to SRatingsIntel. FBR Capital maintained the shares of SIRI in report on Tuesday, February 27 with “Buy” rating. Buckingham Research maintained the stock with “Buy” rating in Friday, February 2 report. The firm has “Buy” rating given on Friday, January 19 by Deutsche Bank. The company was downgraded on Monday, May 7 by Buckingham Research. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) has “Underweight” rating given on Tuesday, June 26 by Barclays Capital. The firm has “Sell” rating by Goldman Sachs given on Thursday, June 21. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) has “Hold” rating given on Friday, June 22 by Citigroup. Barclays Capital maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) rating on Thursday, February 1. Barclays Capital has “Equal-Weight” rating and $5 target. Pivotal Research maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) on Tuesday, May 22 with “Buy” rating. The firm has “Outperform” rating given on Friday, June 29 by Barrington Research.

More notable recent Sirius XM Holdings Inc. (NASDAQ:SIRI) news were published by: Livetradingnews.com which released: “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations” on July 12, 2018, also Nasdaq.com with their article: “Sirius XM Stock: Next Stop, $8?” published on June 14, 2018, Seekingalpha.com published: “Sirius XM Sells Off On Downgrade” on June 21, 2018. More interesting news about Sirius XM Holdings Inc. (NASDAQ:SIRI) were released by: Fool.com and their article: “3 Reasons MoviePass Stock Is No Sirius XM Radio” published on July 10, 2018 as well as Fool.com‘s news article titled: “Analysts Are All Over the Place on Sirius XM Stock” with publication date: July 02, 2018.

Sirius XM Holdings Inc. (NASDAQ:SIRI) Ratings Chart

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