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Main » Sirius XM (SIRI) Downgraded to Sell at Zacks Investment Research

Sirius XM (SIRI) Downgraded to Sell at Zacks Investment Research

16 April 2018

The institutional investor held 150,000 shares of the broadcasting company at the end of 2017Q4, valued at $804,000, down from 245,000 at the end of the previous reported quarter. (NASDAQ:SIRI) reached at $6.23 price level during last trade its distance from 20 days simple moving average is -0.85%, and its distance from 50 days simple moving average is 0.07% while it has a distance of 9.34% from the 200 days simple moving average. About 2.51 million shares traded.

Sirius XM Holdings Inc. has a 12-month low of $3.72 and a 12-month high of $5.22. The stock outperformed the S&P500 by 10.02%. Following the sale, the vice president now directly owns 551,815 shares of the company's stock, valued at approximately $3,371,589.65. APG Asset Management N.V. now owns 13,210,562 shares of the company's stock worth $58,968,000 after acquiring an additional 2,024,500 shares during the last quarter. (NYSE:CFG) for 2.76M shares. American Express Company (NYSE:AXP) has risen 17.81% since April 15, 2017 and is uptrending. It has outperformed by 70.80% the S&P500.

Analysts' mean recommendation for Sirius XM Holdings Inc. Past 5 years growth of SIRI observed at 24.94%, and for the next five years the analysts that follow this company are expecting its growth at -19.20%. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. equities research analysts forecast that Sirius XM will post 0.24 EPS for the current year.

TJX's price to sales ratio for trailing twelve months is 1.48 and price to book ratio for most recent quarter is 10.09, whereas price to cash per share for the most recent quarter is 16.28.

Investors sentiment increased to 1.18 in 2017 Q4. Its down 0.02, from 0.81 in 2017Q3. 46 funds took holdings and 124 increased holdings. 850.39 million shares or 3.82% less from 884.13 million shares in 2017Q3 were reported. ATR remains at 0.12 while Beta component of the stock stands at "Beta". After having $0.05 EPS previously, Sirius XM Holdings Inc.'s analysts see 0.00% EPS growth. (NASDAQ:SIRI) displayed a change of 1.59% after which it closed the day' session at $12.45. Insiders now own 0.20% of total outstanding shares. Walleye Trading Lc has invested 0.02% in Sirius XM Holdings Inc. Commonwealth Bancorporation Of reported 1,971 shares. Pure Advsrs holds 0.02% or 15,190 shares. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

After a recent check, Sirius XM Holdings Inc. SIRI's shares are therefore the less volatile of the two stocks. Jacobs Levy Equity owns 1.74M shares. Strs Ohio, Ohio-based fund reported 545,519 shares. Therefore 47% are positive. Since October 16, 2017 according to StockzIntelligence Inc Sirius XM Radio has 16 analyst reports. Zacks Investment Research downgraded Sirius XM from a "buy" rating to a "hold" rating in a research note on Monday, March 19th. Stratos Wealth Partners LTD. boosted its stake in shares of Sirius XM Holdings by 1.5% in the third quarter. RBC Capital Markets maintained the shares of SIRI in report on Wednesday, February 3 with "Sector Perform" rating. On Wednesday, January 31 the firm has "Hold" rating given by RBC Capital Markets. The company was maintained on Thursday, February 1 by Barclays Capital.

Sirius XM Holdings Inc. The firm earned "Buy" rating on Wednesday, June 14 by Bank of America. Finally, Goldman Sachs raised their target price on Sirius XM from $5.00 to $5.50 and gave the company a "buy" rating in a research note on Monday, February 5th. On Friday, January 19 the rating was upgraded by Deutsche Bank to "Buy". On Thursday, January 11 RBC Capital Markets maintained Sirius XM Holdings Inc. Finally, APG Asset Management N.V. lifted its position in shares of Sirius XM by 18.1% during the 4th quarter. All else equal, SIRI's higher growth rate would imply a greater potential for capital appreciation. At the time of writing, the consensus target price for the company is $6.21. It also increased its holding in Autodesk Inc (NASDAQ:ADSK) by 175,000 shares in the quarter, for a total of 1.85 million shares, and has risen its stake in Bank Amer Corp (NYSE:BAC).

Investors sentiment is 1.09 in Q4 2017. Its up 0.25, from 0.93 in 2017Q3. It worsened, as 65 investors sold BA shares while 614 reduced holdings. 36,079 shares valued at $12.17 million were sold by Smith Gregory D on Thursday, February 8. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.09% or 145,093 shares. Pinnacle Assocs Limited, a New York-based fund reported 68,537 shares. Fishman Jay A Mi invested in 0.05% or 4,000 shares. Lehman Res stated it has 16,145 shares. Dupont Capital Mgmt holds 0% in FMC Corporation (NYSE:FMC) or 919 shares. Loomis Sayles Company LP owns 502,302 shares or 0.07% of their USA portfolio. Field Main Financial Bank holds 2,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. State Teachers Retirement Sys has invested 0.05% in FMC Corporation (NYSE:FMC). Corporate insiders own 1.06% of the company's stock. Frontier Cap Mngmt Comm Ltd has 163,230 shares. The company has a debt-to-equity ratio of -4.42, a quick ratio of 0.16 and a current ratio of 0.17. It also reduced its holding in Nike Inc Cl B (NYSE:NKE) by 4,900 shares in the quarter, leaving it with 77,711 shares, and cut its stake in Nvidia Corp Com (NASDAQ:NVDA).

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