After this overnight's -1.5% drop to $4.64 per share, Sirius XM might just keep moving past its target price of $4.84. With an average analyst rating of hold, and target prices from $3.5 to $7.0, the stock's next move is anyone's guess.
Sirius XM has an elevated short interest of 29.1%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 15.55. The company's insiders own 84.23% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Sirius XM's rate of institutional ownership is 12.5%, which indicates a decent level of confidence in the stock. Based on these factors, Market Inference considers Sirius XM to be the target of mixed market sentiment.
Institutions Invested in Sirius XM
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 1% | 54,318,582 | $252,038,213 |
| 2023-09-30 | Blackrock Inc. | 1% | 44,663,175 | $207,237,126 |
| 2023-09-30 | State Street Corporation | 1% | 28,809,557 | $133,676,340 |
| 2023-09-30 | AQR Capital Management, LLC | 0% | 14,641,104 | $67,934,720 |
| 2023-09-30 | Citigroup Inc. | 0% | 14,172,896 | $65,762,235 |
| 2023-09-30 | Geode Capital Management, LLC | 0% | 12,505,030 | $58,023,337 |
| 2023-09-30 | Northern Trust Corporation | 0% | 11,256,094 | $52,228,274 |
| 2023-09-30 | New York State Common Retirement Fund | 0% | 10,303,486 | $47,808,173 |
| 2023-09-30 | Berkshire Hathaway, Inc | 0% | 9,683,224 | $44,930,158 |
| 2023-09-30 | Morgan Stanley | 0% | 9,538,860 | $44,260,309 |
