Coastland Capital LLC Holds Position in Sirius XM Holdings Inc. (SIRI)

Andrew Cummings
September 13, 2017

(NASDAQ:SIRI) previous 52-week high was $5.89 and moved up 34.88% over the same period, trading at a volume of 19.59 million. This nets out to a decrease of 1.63 million shares and is another bearish sign for SIRI.

07/27/2017 - Sirius XM Holdings Inc. had its "outperform" rating reiterated by analysts at Macquarie. The fund owned 451,713 shares of the company's stock after purchasing an additional 319,982 shares during the quarter.

04/19/2017 - Sirius XM Holdings Inc. was downgraded to "underweight" by analysts at Morgan Stanley. Miracle Mile Advisors LLC now owns 19,880 shares of the company's stock valued at $102,000 after buying an additional 300 shares in the last quarter. Finally, BidaskClub cut shares of Sirius XM Holdings from a "strong-buy" rating to a "buy" rating in a report on Friday, July 28th. Wedbush Securities Inc. now owns 32,050 shares of the company's stock valued at $134,000 after buying an additional 400 shares in the last quarter.

01/15/2016 - Sirius XM Holdings Inc. was upgraded to "market perform" by analysts at BMO Capital Markets. TrimTabs Asset Management LLC now owns 25,348 shares of the company's stock valued at $131,000 after buying an additional 11,928 shares in the last quarter.

Coastland Capital LLC maintained its stake in Sirius XM Holdings Inc. However, the company's most recent quarter increase of 21.2% looks attractive. Perhaps, that suggests something about why 7.67% of the outstanding share supply is held by institutional investors. Miracle Mile Advisors LLC increased its holdings in Sirius XM Holdings by 1.5% in the first quarter. Sirius XM Holdings has a 52-week low of $4.05 and a 52-week high of $5.89. The company has a 50 day moving average price of $4.62 and a 200-day moving average price of $4.35.

The P/E ratio is now 32.24 and the market cap is 25.28B.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting analysts' consensus estimates of $0.04. The return on equity (ROE), also known as return on investment (ROI), is the best measure of the return, since it is the product of the operating performance, asset turnover, and debt-equity management of the firm.

Sirius XM Holdings I (NASDAQ:SIRI)'s revenue estimates for the current quarter are $1.37 Billion according to 12 number of analysts, for the current quarter the company has high revenue estimates of $1.38 Billion in contradiction of low revenue estimates of $1.35 Billion. The business's revenue was up 8.9% on a year-over-year basis.

Traders are a little more bullish on Sirius XM Holdings Inc. if you pay attention to the downtick in short interest. Stockholders of record on Thursday, August 10th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.72%. For the most recent quarter, quick ratio was 0.2, current ratio was 0.2, LT Debt/Equity ratio was 0 and Total Debt/Equity ratio stands at 0, while Payout ratio is 0.177.

On the other hand the company has Relative Strength Index (RSI 14) of 43.52 along with Average True Range (ATR 14) of 0.11, Consequently Sirius XM Holdings I (NASDAQ:SIRI)'s weekly and monthly volatility is 1.99%, 1.74% respectively. Earnings surprises can have a huge impact on a company's stock price.

Sirius XM Holdings Inc. has been given an analysts' mean target of 5.67. Vetr raised shares of Sirius XM Holdings from a "sell" rating to a "hold" rating and set a $5.18 price objective for the company in a report on Tuesday, June 6th.

Analysts have given a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). There are brokerage firms with lower targets than the average, including one setting a price target of $4.5.

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems.

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