Legg Mason Asset Management (japan) Ltd. Lowers stake in Sirius XM Holdings (SIRI)

Sirius XM Holdings (SIRI) : Legg Mason Asset Management (japan) Ltd. reduced its stake in Sirius XM Holdings by 2.52% during the most recent quarter end. The investment management company now holds a total of 271,200 shares of Sirius XM Holdings which is valued at $1,140,396 after selling 7,000 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 1.16% of Legg Mason Asset Management (japan) Ltd.’s portfolio.

Other Hedge Funds, Including , Brahman Capital Corp. reduced its stake in SIRI by selling 22,792,800 shares or 25.07% in the most recent quarter. The Hedge Fund company now holds 68,114,366 shares of SIRI which is valued at $286,420,909. Sirius XM Holdings makes up approx 8.77% of Brahman Capital Corp.’s portfolio. Vsr Financial Services sold out all of its stake in SIRI during the most recent quarter. The investment firm sold 19,141 shares of SIRI which is valued $80,488. Financial Management Professionals sold out all of its stake in SIRI during the most recent quarter. The investment firm sold 9,750 shares of SIRI which is valued $41,340. Her Majesty The Queen In Right Of The Province Of Alberta… added SIRI to its portfolio by purchasing 930,600 company shares during the most recent quarter which is valued at $3,936,438. Sirius XM Holdings makes up approx 0.05% of Her Majesty The Queen In Right Of The Province Of Alberta…’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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