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Sirius XM Holdings Inc. (SIRI) - How much Institutional Stake

13 October 2017

Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline. Based on an average daily volume of 13,507,814 shares, the short-interest ratio is now 17.2 days.

Shares of Sirius XM Holdings (NASDAQ:SIRI) traded down 0.262% during trading on Wednesday, hitting $5.705. The company maintains price to book ratio of 0.00 industry average at 0.56. The stock's 50 day moving average price is $5.58 and its 200-day moving average price is $5.34. Sirius XM Holdings has a 12 month low of $4.07 and a 12 month high of $5.89. During last 3 month period, 0.27% of total institutional ownership has changed in the company shares. According to these analysts, the Low Revenue Estimate for Sirius XM Holdings 1.35 Billion and the High Revenue Estimate is 1.38 Billion. Sirius XM Holdings had a negative return on equity of 112.66% and a net margin of 14.81%. The company's quarterly revenue was up 9.1% compared to the same quarter a year ago. During the same quarter in the previous year, the business posted $0.03 EPS. The current consensus recommendation provided by covering analysts is 2.40.

6 number of analysts have estimated the sales of the company for the quarter ending Oct 25, 2017, analysts estimated mean sale target of 1379.08 million while high and low sale targets are estimated at 1394.5 million and 1367.84 million respectively. Stockholders of record on Wednesday, May 10th will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday the 8th of August 2017. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.76%. Sirius XM Holdings's dividend payout ratio is now 28.57%. Stifel Financial Corp lifted its position in shares of Sirius XM Holdings by 2.0% during the 1st quarter. SECOR Capital Advisors LP now owns 478,530 shares of the company's stock worth $1,995,000 after buying an additional 440,853 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Sirius XM Holdings by 9.7% during the second quarter. A 8 analysts rate it as either a buy or a strong buy, while2 believe that investors should either steer clear of SIRI or, if they already own its stock, sell it. Comparatively, Sirius XM Holdings Inc. posted earnings of $0.05 per share in the same quarter past year. The third largest holder is Blackrock Inc., which now holds $437.41 million worth of this stock and that ownership represents almost 1.66% of its market capitalization. Hedge funds and other institutional investors own 20.31% of the company's stock. A total number of 1 analysts provided estimations over revenues. Zacks Investment Research cut Sirius XM Holdings from a "hold" rating to a "sell" rating in a research report on Monday, October 2nd. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the company a "buy" rating in a research report on Thursday, July 27th. KeyCorp restated a "hold" rating on shares of Sirius XM Holdings in a research report on Friday, August 25th. They issued a "sector perform" rating and a $6.00 price target on the stock. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time.

Based on the latest brokerage notes which have been released to investors, 6 brokers have issued a rating of "strong buy", 4 brokers "buy", 5 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". During the last 52 weeks, the (NASDAQ:SIRI) price has been as high as $5.89 and as low as $4.07.