Brahman Capital Corp. Lowers stake in Sirius XM Holdings (SIRI)

Sirius XM Holdings (SIRI) : Brahman Capital Corp. reduced its stake in Sirius XM Holdings by 25.07% during the most recent quarter end. The investment management company now holds a total of 68,114,366 shares of Sirius XM Holdings which is valued at $286,420,909 after selling 22,792,800 shares in Sirius XM Holdings , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sirius XM Holdings makes up approximately 8.77% of Brahman Capital Corp.’s portfolio.

Other Hedge Funds, Including , Tower Square Investment Management sold out all of its stake in SIRI during the most recent quarter. The investment firm sold 10,000 shares of SIRI which is valued $42,050.Highpoint Advisor Group boosted its stake in SIRI in the latest quarter, The investment management firm added 10,617 additional shares and now holds a total of 135,045 shares of Sirius XM Holdings which is valued at $567,864. Sirius XM Holdings makes up approx 0.20% of Highpoint Advisor Group’s portfolio. Rpg Investment Advisory sold out all of its stake in SIRI during the most recent quarter. The investment firm sold 17,500 shares of SIRI which is valued $74,025.Private Advisor Group boosted its stake in SIRI in the latest quarter, The investment management firm added 116,262 additional shares and now holds a total of 204,921 shares of Sirius XM Holdings which is valued at $864,767. Sirius XM Holdings makes up approx 0.03% of Private Advisor Group’s portfolio.Investors Capital Advisory Services reduced its stake in SIRI by selling 3,500 shares or 15.63% in the most recent quarter. The Hedge Fund company now holds 18,887 shares of SIRI which is valued at $79,892. Sirius XM Holdings makes up approx 0.02% of Investors Capital Advisory Services’s portfolio.

Sirius XM Holdings opened for trading at $4.16 and hit $4.19 on the upside on Thursday, eventually ending the session at $4.15, with a gain of 0.24% or 0.01 points. The heightened volatility saw the trading volume jump to 5,95,16,384 shares. Company has a market cap of $20,243 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.

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