Highline Capital Management Exits Position in Sirius XM Holdings (SIRI)

Sirius XM Holdings (SIRI) : Highline Capital Management has sold out all of its stake in Sirius XM Holdings during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 27,139,000 shares of Sirius XM Holdings which is valued at $114,119,495.

Other Hedge Funds, Including , Bluemountain Capital Management added SIRI to its portfolio by purchasing 149,230 company shares during the most recent quarter which is valued at $627,512. Sirius XM Holdings makes up approx 0.02% of Bluemountain Capital Management’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in SIRI by selling 2,880,853 shares or 5.62% in the most recent quarter. The Hedge Fund company now holds 48,355,661 shares of SIRI which is valued at $203,335,555. Sirius XM Holdings makes up approx 0.03% of Blackrock Institutional Trust Company N.a.’s portfolio.Private Trust Co Na boosted its stake in SIRI in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 35,793 shares of Sirius XM Holdings which is valued at $149,615. Sirius XM Holdings makes up approx 0.04% of Private Trust Co Na’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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