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Main » Pictet Asset Management Ltd. Grows Holdings in Sirius XM Holdings Inc. (SIRI)

Pictet Asset Management Ltd. Grows Holdings in Sirius XM Holdings Inc. (SIRI)

28 November 2017

In the most recent quarter, institutional ownership decreased by a net of 34.19 million shares, or 3.66%.This is a bearish sign and indicates that institutions are feeling more pessimistic about the outlook for SIRI overall.191 holders increased their positions, 202 decreased their positions, and 148 holders held their positions. The company's market cap is $24.73 Billion.

Sirius XM Holdings Inc.'s insider ownership stands at 0.2 percent, while its insider transaction is -31.21 percent. The stock price volatility for last week at the close of regular trading was 1.94%, pushing the figure for the whole month to now reaching 1.39%. Macquarie Group Ltd. grew its position in Sirius XM by 476.2% in the second quarter. The Volatility was noted at 4.46% in recent month and it observed Weekly Volatility of 4.53%. Legal & General Group Plc raised its position in shares of Sirius XM by 1.5% during the second quarter. The volume of the company in the last trading session was 7.58 Million.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 27th. Sirius XM earned a news impact score of 0.20 on Accern's scale. Swiss National Bank now owns 6,046,258 shares of the company's stock worth $33,375,000 after acquiring an additional 27,200 shares during the last quarter.

A number of equities analysts recently issued reports on SIRI shares. Vetr downgraded Sirius XM from a "strong-buy" rating to a "hold" rating and set a $6.06 price objective for the a research report on Monday, July 31st. Evercore ISI downgraded shares of Sirius XM Holdings to a "buy" rating in a research report on Friday, March 3rd.

Shares of Sirius XM (SIRI) opened at $5.44 on Tuesday. Sirius XM presently has a consensus rating of "Buy" and a consensus target price of $6.01. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock.

Twitter, Inc. (TWTR) analysts on average have given a price target of $5.84 on TWTR stock. Victory Capital Management Inc. lifted its position in shares of Sirius XM by 21.3% in the 2nd quarter.

The company P/E (price to earnings) ratio is 29.09 and Forward P/E ratio is 26.03. A higher P/E allows an investor to expect higher earnings growth compared to the companies with a lower P/E. Sirius XM Holdings Inc., (reader can compare this with other companies that he is interested in).

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The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $25.00B.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, October 25th.

The company reported its last earnings Actual EPS of $0.07/share. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. The Return on Investment and Return on Equity (ROE) values are -6.1 percent and -7.8 percent, respectively. The firm's revenue for the quarter was up 7.7% on a year-over-year basis.

Sirius XM Holdings Inc. most recently reported earnings per share (EPS) of $0.07 for the September 2017 versus $0.04 in the same quarter past year, representing 75% growth.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.011 per share.

EPS Estimate for the next Quarter is 0.05. The ex-dividend date of this dividend is Monday, May 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.81%.