Could Sirius XM Holdings Inc. (SIRI) Change Direction After Making 52-Week High?

May 16, 2018 - By Hazel Jackson

Sirius XM Holdings Inc. (NASDAQ:SIRI) Logo

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.25, from 0.93 in 2017Q3. It is positive, as 36 investors sold Sirius XM Holdings Inc. shares while 108 reduced holdings. 46 funds opened positions while 124 raised stakes. 850.39 million shares or 3.82% less from 884.13 million shares in 2017Q3 were reported.
Legal & General Group Public Limited Com accumulated 7.14M shares. Teachers Retirement System Of The State Of Kentucky accumulated 1.02 million shares. Iberiabank Corp holds 0.04% or 44,300 shares in its portfolio. Hanson Mcclain has invested 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI). New York-based Blackrock has invested 0.02% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Sandy Spring Retail Bank reported 0.03% in Sirius XM Holdings Inc. (NASDAQ:SIRI). National Bank & Trust Of America De holds 0% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 5.03M shares. Hrt Financial Lc has invested 0.07% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Fifth Third Financial Bank has invested 0% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI). 100 were accumulated by Riggs Asset Managment. California Employees Retirement System holds 4.14M shares or 0.03% of its portfolio. Deutsche National Bank Ag reported 0.01% stake. Gradient Ltd Liability owns 416 shares. Parkside Natl Bank Trust holds 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI) or 2,216 shares. Ruggie Gru has 0% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 75 shares.

The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) hit a new 52-week high and has $7.37 target or 6.00 % above today’s $6.95 share price. The 9 months bullish chart indicates low risk for the $31.13 billion company. The 1-year high was reported on May, 16 by Barchart.com. If the $7.37 price target is reached, the company will be worth $1.87B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.16% or $0.08 during the last trading session, reaching $6.95. About 10.56M shares traded. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 21.57% since May 16, 2017 and is uptrending. It has outperformed by 10.02% the S&P500.

Analysts await Sirius XM Holdings Inc. (NASDAQ:SIRI) to report earnings on July, 26. They expect $0.05 EPS, up 25.00 % or $0.01 from last year’s $0.04 per share. SIRI’s profit will be $223.94M for 34.75 P/E if the $0.05 EPS becomes a reality. After $0.06 actual EPS reported by Sirius XM Holdings Inc. for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

Sirius XM Holdings Inc. (NASDAQ:SIRI) Ratings Coverage

Among 9 analysts covering Sirius XM Radio (NASDAQ:SIRI), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Sirius XM Radio has $7 highest and $5 lowest target. $6.32’s average target is -9.06% below currents $6.95 stock price. Sirius XM Radio had 16 analyst reports since December 15, 2017 according to SRatingsIntel. As per Thursday, January 11, the company rating was maintained by RBC Capital Markets. On Thursday, March 22 the stock rating was downgraded by Citigroup to “Neutral”. Buckingham Research downgraded the stock to “Neutral” rating in Monday, May 7 report. The company was downgraded on Tuesday, January 2 by Barrington. RBC Capital Markets maintained it with “Hold” rating and $700 target in Thursday, April 26 report. FBR Capital maintained it with “Buy” rating and $6.75 target in Tuesday, February 27 report. Barclays Capital maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) on Thursday, February 1 with “Equal-Weight” rating. RBC Capital Markets maintained it with “Hold” rating and $6.0 target in Wednesday, January 31 report. Buckingham Research maintained the shares of SIRI in report on Friday, February 2 with “Buy” rating. On Monday, February 5 the stock rating was maintained by Morgan Stanley with “Underweight”.

More important recent Sirius XM Holdings Inc. (NASDAQ:SIRI) news were published by: Nasdaq.com which released: “3 Things That Can Go Wrong for Sirius XM on Wednesday” on April 23, 2018, also Streetinsider.com published article titled: “Buffett’s Berkshire 13F Confirms Increase in Apple (AAPL) Stake Along with Increase in Holdings of Teva (TEVA) (More…)”, Fool.com published: “Is Sirius XM Holdings Inc. (SIRI) a Buy?” on April 26, 2018. More interesting news about Sirius XM Holdings Inc. (NASDAQ:SIRI) was released by: Seekingalpha.com and their article: “Investing In The Liberty Media Empire” with publication date: May 08, 2018.

Sirius XM Holdings Inc. provides satellite radio services in the United States. The company has market cap of $31.13 billion. The firm broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels. It has a 49.64 P/E ratio. It also streams music and non-music channels over the Internet; and offer applications to allow clients to access its Internet radio service on smartphones, tablets, computers, home devices, and other consumer electronic equipment.

Sirius XM Holdings Inc. (NASDAQ:SIRI) Ratings Chart

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