Sirius XM Holdings (SIRI) : Sarbit Advisory Services reduced its stake in Sirius XM Holdings by 19.69% during the most recent quarter end. The investment management company now holds a total of 17,954,800 shares of Sirius XM Holdings which is valued at $75,499,934 after selling 4,402,000 shares in Sirius XM Holdings , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Sirius XM Holdings makes up approximately 14.06% of Sarbit Advisory Services’s portfolio.
Other Hedge Funds, Including , Winslow Evans Crocker boosted its stake in SIRI in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 4,500 shares of Sirius XM Holdings which is valued at $18,945. Sirius XM Holdings makes up approx 0.01% of Winslow Evans Crocker’s portfolio. Davenport Co sold out all of its stake in SIRI during the most recent quarter. The investment firm sold 10,380 shares of SIRI which is valued $42,454.
Sirius XM Holdings opened for trading at $4.19 and hit $4.22 on the upside on Tuesday, eventually ending the session at $4.19, with a gain of 0.48% or 0.02 points. The heightened volatility saw the trading volume jump to 5,87,41,777 shares. Company has a market cap of $20,438 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.