If one compares LSXMK and LSXMA in a "line graph" format, one notices that since approx. May 1 LSXMK's stock price is higher than LSXMA. Doesn't make sense given voting rights come with LSXMA and not "K". Is it due to stock repurchase programs? Anyone else care to 'weigh in' on a theory? Before May 1, it was the opposite: LSXMA was almost always valued greater than LSXMK.
Research analysts at Credit Suisse Group started coverage on shares of Sirius XM (NASDAQ:SIRI) in a note issued to investors on Tuesday, The Fly reports. The firm set an “outperform” rating and a $8.50 price target on the stock. Credit Suisse Group’s target price indicates a potential upside of 21.08% from the company’s previous close.
Several other analysts have also weighed in on the stock. Barrington Research upgraded shares of Sirius XM from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a research report on Friday, June 29th. Macquarie reiterated a “buy” rating and set a $7.75 target price on shares of Sirius XM in a research report on Thursday, June 28th. Barclays lowered shares of Sirius XM from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research report on Tuesday, June 26th. Goldman Sachs Group lowered shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $6.00 target price on the stock. in a research report on Thursday, June 21st. Finally, Pivotal Research lowered shares of Sirius XM from a “buy” rating to a “hold” rating and set a $7.75 target price on the stock. in a research report on Tuesday, June 19th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.67.
Pretty low volume trading days going into the Conf Call. What do you think? Glass half full (we go up) or Glass half empty (we go down).
For a bit of clarity regarding the above post: What I am asking is: Low volume cuz no one is buying or low volume cuz no one is selling (at current SP)?
From Talkers.com:
"SiriusXM second quarter revenue up 6%. SiriusXM announces its 2018 second quarter revenue was $1.4 billion, up 6% over Q2 of 2017. Net income for the quarter was $292 million, a gain of 42% over last year’s $202 million figure. CEO Jim Meyer states, 'SiriusXM’s strong start to 2018 accelerated in the second quarter. We added 483,000 net new self-pay subscribers in the quarter with an impressive 1.6% self-pay churn rate, our best-ever performance. Our 6% growth in revenue would have been 8% absent the change in generally accepted accounting principles that was effective January 1, and we are thrilled to increase our full-year guidance for self-pay net additions, revenue and adjusted EBITDA.'"
I'm not sure what "self-pay churn rate" is but there is probably some kind of drug that could treat it. It sounds horrible. SIRI opened today at $7.18 and closed at $7.21 after reaching a midday high of $7.29.
SiriusXM opened today at $6.86 and closed at $6.95. The quarterly dividend, payable on August 31, will be $0.011 per share, same as it was in February and May.
https://www.streetinsider.com/divide...ory.php?q=SIRI
I have good news and bad news. The good news: SIRI closed at $7.00 today. Huzzah! However.......
SiriusXM profits take a dip as earnings rise at parent Liberty Media
https://www.billboard.com/articles/b...arnings-report
Two "cycles" in a row that SIRI short interest is under 200 million. I wonder if we get "institutional holdings" data updates this week??
What has happened to everyone? Anyone still holding Sirius?
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