Buffett's aggressive purchase of this stock has nothing to do with its recent reverse stock split.Warren Buffett bought only seven stocks for Berkshire Hathaway's portfolio in the second quarter of 2024. He seemed to be especially enthusiastic about Sirius XM Holdings (SIRI 3.87%), increasing Berkshire's stake by 262%.Rest assured that Sirius XM's 1-for-10 reverse stock split conducted earlier this month had nothing to do with Buffett's purchase of more shares. The legendary investor might have liked the re ...

Reverse stock splits are usually red flags, but this is a unique case.SiriusXM Holdings (SIRI 3.87%) launched nearly a generation ago with big plans to disrupt media. Fast-forward to 2024 and those plans seem to have mostly fallen flat. Internet-native alternatives like Spotify dwarf SiriusXM in audience size and market cap, and SiriusXM has struggled to break away from the automotive market where it's most popular.However, SiriusXM just made an unusual move, and some investors seem to think it could be a c ...

It's the only satellite radio provider, but this isn't such a big advantage now that nearly all of its customers already pay for mobile internet service.Shares of Sirius XM Holdings (SIRI 3.87%) are down a disappointing 56% in 2024, but it probably isn't time to turn our backs on the satellite radio provider.Improving subscriber trends recently inspired Guggenheim analyst Curry Baker to upgrade the stock and raise its price target to $30 per share. Baker gave Sirius XM a buy rating, and the new target impli ...

Sirius XM hit a 12-year low this week. It's time to pump up the volume.The major market indices may have hit fresh all-time highs this week, but Sirius XM Holdings (SIRI 3.96%) investors weren't invited to the party: Shares of the satellite radio provider hit a 12-year low this week.There's no shortage of explanations for the former battleground stock losing the war on Wall Street. Growth has slowed to a crawl. Its subscriber base may have also plateaued last year.Making matters worse, the conversion of the ...

Long-Term Focussed In-Depth Fundamental Analysis.Former Associate at a $10 billion hedge fund, with 15 years of professional experience in equity markets. Holds a First-Class Honours degree in Financial Economics from the University of London and is a CFA Level III candidate.An avid reader and a Berkshire Hathaway buff.Analyst’s Disclosure: I/we have a beneficial long position in the shares of SIRI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses m ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they bel ...

Fresh off a 1-for-10 reverse stock split, is this satellite radio monopoly finally a buy?With shares down around 60% over the last five years, Sirius XM (NASDAQ: SIRI) has battered its long-term investors. And it's no surprise management turned to a 1-for-10 reverse stock split to keep its shares from getting too cheap. But while the split takes Sirius out of penny stock territory, it doesn't resolve the challenges that put it there in the first place. Let's dig deeper to see what the next five years could ...

Sirius XM (SIRI) has been beaten down lately with too much selling pressure. While the stock has lost 22.2% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that ...

NEW YORK, NEW YORK - SEPTEMBER 12: Grace Van Patten visits SiriusXM Studios on September 12, 2024 in ... [+] New York City. (Photo by Santiago Felipe/Getty Images)Getty ImagesSirius XM Holdings (NASDAQ: SIRI), a leading provider of satellite radio, conducted its 1-for-10 reverse-stock split on September 9. This means that shareholders of the stock received one share for every 10 shares they owned. Investors may view reverse stock splits negatively, as they often signal fewer shares and a short-term problem, ...

Sirius XM (SIRI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual ...