JP Morgan Assumes Sirius XM Holdings to Neutral

Brokerage firm JP Morgan Assumes its rating on Sirius XM Holdings(NASDAQ:SIRI). The shares have been rated Neutral. The rating by JP Morgan was issued on Sep 26, 2016.

In a different note, On Aug 18, 2016, Citigroup said it Maintains its rating on Sirius XM Holdings. In the research note, the firm Raises the price-target to $4.50 per share. The shares have been rated ‘Buy’ by the firm. Telsey Advisory Group said it Initiates Coverage on Sirius XM Holdings, according to a research note issued on Jul 12, 2016. The shares have been rated ‘Market Perform’ by the firm.

Sirius XM Holdings (SIRI) made into the market gainers list on Thursdays trading session with the shares advancing 0.72% or 0.03 points. Due to strong positive momentum, the stock ended at $4.205, which is also near the day’s high of $4.22. The stock began the session at $4.19 and the volume stood at 4,93,13,756 shares. The 52-week high of the shares is $4.44 and the 52 week low is $3.29. The company has a current market capitalization of $20,512 M and it has 4,87,78,89,200 shares in outstanding.

Sirius XM Holdings(SIRI) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.24B. Analysts had an estimated revenue of $1.22B. Earnings per share were $0.03. Analysts had estimated an EPS of $0.04.

Several Insider Transactions has been reported to the SEC. On Jul 28, 2016, Dara F Altman (EVP & Chief Admin. Officer) sold 514,625 shares at $4.36 per share price.Also, On Jul 28, 2016, David J Frear (Senior EVP and CFO) sold 442,699 shares at $4.36 per share price.On Jul 28, 2016, Scott Andrew Greenstein (Pres. & Chief Content Officer) sold 241,355 shares at $4.35 per share price, according to the Form-4 filing with the securities and exchange commission.

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