Were Analysts Bearish Sirius XM Holdings Inc. (NASDAQ:SIRI) This Week?

September 16, 2018 - By Yee Bell

Sirius XM Holdings Inc. (NASDAQ:SIRI) LogoInvestors sentiment increased to 1.15 in 2018 Q2. Its up 0.31, from 0.84 in 2018Q1. It improved, as 29 investors sold Sirius XM Holdings Inc. shares while 119 reduced holdings. 57 funds opened positions while 113 raised stakes. 796.60 million shares or 1.83% less from 811.44 million shares in 2018Q1 were reported.
Eaton Vance owns 50,600 shares. Farmers And Merchants Inc reported 0% stake. The New York-based First Manhattan has invested 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Pictet Asset Management holds 0.01% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 598,012 shares. Levin Strategies L P reported 175,000 shares. Tarbox Family Office has 199 shares. Massachusetts-based Colony Group Limited Liability Com has invested 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI). First Tru Advsr Lp stated it has 0.04% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Geode Mgmt Lc invested in 14.68 million shares or 0.03% of the stock. Principal Fin Gp accumulated 0.01% or 1.25 million shares. Mitsubishi Ufj Tru Bk stated it has 0.04% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI). Brookstone Cap Mngmt owns 11,679 shares. First Allied Advisory Ser holds 14,050 shares. Macquarie Group Incorporated Ltd invested in 0% or 26,800 shares. Fiera has invested 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI).

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

Among 12 analysts covering Sirius XM Holdings (NASDAQ:SIRI), 4 have Buy rating, 3 Sell and 5 Hold. Therefore 33% are positive. Sirius XM Holdings had 14 analyst reports since March 22, 2018 according to SRatingsIntel. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) has “Underweight” rating given on Monday, August 6 by Morgan Stanley. The company was downgraded on Tuesday, June 19 by Pivotal Research. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) earned “Buy” rating by Pivotal Research on Tuesday, May 22. Buckingham Research downgraded the shares of SIRI in report on Monday, May 7 to “Neutral” rating. Barclays Capital downgraded Sirius XM Holdings Inc. (NASDAQ:SIRI) on Tuesday, June 26 to “Underweight” rating. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, June 21. As per Friday, June 29, the company rating was upgraded by Barrington Research. The firm has “Hold” rating given on Thursday, April 26 by RBC Capital Markets. The rating was downgraded by Citigroup to “Neutral” on Thursday, March 22. The rating was maintained by Citigroup on Friday, June 22 with “Hold”. Below is a list of Sirius XM Holdings Inc. (NASDAQ:SIRI) latest ratings and price target changes.

06/08/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $6 New Target: $6.2 Maintain
11/07/2018 Broker: Credit Suisse Rating: Outperform New Target: $8.5 Initiates Coverage On
29/06/2018 Broker: Barrington Research Old Rating: Market Perform New Rating: Outperform Upgrade
26/06/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Underweight Old Target: $5 Downgrade
22/06/2018 Broker: Citigroup Rating: Hold New Target: $7.1500 Maintain
21/06/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Sell New Target: $6 Downgrade
14/06/2018 Broker: Bank of America Rating: Buy New Target: $8.0000
19/06/2018 Broker: Pivotal Research Old Rating: Buy New Rating: Hold Old Target: $4.45 Downgrade
03/06/2018 Broker: Macquarie Research Rating: Buy New Target: $7.7500
22/05/2018 Broker: Pivotal Research Rating: Buy New Target: $7.7500 Maintain

The stock decreased 0.83% or $0.06 during the last trading session, reaching $7.13. About 14.07M shares traded. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 27.37% since September 16, 2017 and is uptrending. It has outperformed by 11.75% the S&P500.

Sirius XM Holdings Inc. provides satellite radio services in the United States. The company has market cap of $32.00 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 39.83 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.

More important recent Sirius XM Holdings Inc. (NASDAQ:SIRI) news were published by: Seekingalpha.com which released: “Sirius XM CEO Renewed For Another Year” on August 28, 2018, also 247Wallst.com published article titled: “The 6 Most Shorted Nasdaq Stocks”, Fool.com published: “Wall Street Doesn’t Hate Sirius XM Anymore” on August 29, 2018. More interesting news about Sirius XM Holdings Inc. (NASDAQ:SIRI) was released by: Fool.com and their article: “Better Buy: Sirius XM Holdings Inc. vs. Spotify” with publication date: September 06, 2018.

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

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