Hedge Funds Think That Sirius XM Holdings Inc. (SIRI) Will Bounce Back Soon

Insider Monkey12-18

We recently compiled a list of the 10 Stocks That Will Bounce Back According To Hedge Funds. In this article, we are going to take a look at where Sirius XM Holdings Inc. (NASDAQ:SIRI) stands against ...

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(NASDAQ:SIRI) stands against ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hedge-funds-think-sirius-xm-131408424.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hedge Funds Think That Sirius XM Holdings Inc. 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(SIRI) Will Bounce Back Soon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 21:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/hedge-funds-think-sirius-xm-131408424.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 10 Stocks That Will Bounce Back According To Hedge Funds. In this article, we are going to take a look at where Sirius XM Holdings Inc. (NASDAQ:SIRI) stands against ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hedge-funds-think-sirius-xm-131408424.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USAW.SI","symbol_name":"AMZN 3xLongSG261006","start_time":0,"source_url":"https://finance.yahoo.com/news/hedge-funds-think-sirius-xm-131408424.html","article_id":"2492186369","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/WVrLoJ40dcKrXZWwgieN0w--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/e25f71d7168cdf425a6d1c23ea7e4f70"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492186369","pubTimestamp":1734527648,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 10 Stocks That Will Bounce Back According To Hedge Funds.In this article, we are going to take a look at where Sirius XM Holdings Inc.  stands against the other stocks.With 2024 coming to a close, investors have left several unknown variables behind them. They started out the year wondering when and if the Federal Reserve would start cutting interest rates. Then, as the year progressed, uncertainty about the outcome of the 2024 US Presidential Election came to the forefront due to the significantly different policy objectives of the two candidates.In numerical terms, US inflation sat at 0.3% in November and 2.7% in the twelve months ending in November. Additionally, core CPI, which removes the impact of volatile food and energy prices from the data, jumped by 0.3% in November to stay at the same level since August. Within this data, rents jumped by 0.2% and decelerated to levels last seen in July 2021. This marked a deceleration over the 0.3% reading ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"USAW.SI":"AMZN 3xLongSG261006","BK4559":"巴菲特持仓","TQQQ":"纳指三倍做多ETF","SIRI":"Sirius XM Holdings Inc.",".IXIC":"NASDAQ Composite","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","XM":"Qualtrics International","USJW.SI":"ALPHAB 3xLongSG261006","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","BK4023":"应用软件","SQQQ":"纳指三倍做空ETF","NVIW.SI":"NVDA 3xLongSG261006","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","TSYW.SI":"TESLA 3xLongSG261006","QID":"纳指两倍做空ETF","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4100":"有线和卫星"},"translate_title":"对冲基金认为Sirius XM Holdings Inc.(SIRI)将很快反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIRI":1,"XM":1,".IXIC":0.9,"US7Y.BOND":0.72,"US6M.BOND":0.72,"US5Y.BOND":0.72,"US3Y.BOND":0.72,"US30Y.BOND":0.72,"US2Y.BOND":0.72,"US12M.BOND":0.72,"US10Y.BOND":0.72,"SQQQ":0.6,"USJW.SI":0.6,"USAW.SI":0.6,"TSYW.SI":0.6,"TQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NVIW.SI":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"We recently compiled a list of the 10 Stocks That Will Bounce Back According To Hedge Funds. In this article, we are going to take a look at where Sirius XM Holdings Inc. (NASDAQ:SIRI) stands against the other stocks.\nWith 2024 coming to a close, investors have left several unknown variables behind them. They started out the year wondering when and if the Federal Reserve would start cutting interest rates. Then, as the year progressed, uncertainty about the outcome of the 2024 US Presidential Election came to the forefront due to the significantly different policy objectives of the two candidates.\nNow, with President-elect Donald Trump waiting to be sworn in and the Fed's interest rate cut cycle having kicked off in September, Wall Street is now focused on the impact of tariffs on global trade and the speed and depth of the interest rate cutting cycle. After the results of the election were clear, several sectors fluctuated in response.\nSince this post is about stocks that can bounce back based on hedge fund holdings, it's relevant to see which stocks tumbled in November. One of the hardest hit sectors was clean energy. The S&P's clean energy stock index lost 10.4% in the days following the election as investors were worried about the rollback of clean energy subsidies rolled out during the Biden Administration and the incoming Trump Administration's focus on traditional energy stocks and oil drilling.\nWhile clean energy as a sector took the hardest hit, other stocks linked to China and the German automotive industry did not do well either. Shares of the Chinese stock that is known to have been a part of Warren Buffett's investment portfolio fell by 4.8%, while shares of German car companies fell by as much as 6.6%. The drops were natural as investors were worried about tariffs against China impacting the car company's business and tariffs against all countries that export to the US hampering the German car industry.\nAlong with the outcomes of a change in government, investors have also spent 2024 positioning themselves for the Fed's monetary easing. The central bank started its rate cut cycle in September through a jumbo 50 basis point rate cut. In December, investors were greeted by the first set of economic data free of election worries in the form of the consumer price index. The CPI data was a mixed bag of results since while inflation grew at the fastest pace since April, two key inflationary components that have long held up strong against interest rates finally fell.\nIn numerical terms, US inflation sat at 0.3% in November and 2.7% in the twelve months ending in November. Additionally, core CPI, which removes the impact of volatile food and energy prices from the data, jumped by 0.3% in November to stay at the same level since August. Within this data, rents jumped by 0.2% and decelerated to levels last seen in July 2021. This marked a deceleration over the 0.3% reading for October, and the overall core CPI for the twelve months through November sat at 3.3%. This was lower than the three-month annualized average of 3.7%. This inflation data is crucial as it helps investors determine whether the Federal Reserve will cut interest rates thrice in 2025 or increase the number of cuts to four.\nShifting gears, while artificial intelligence has caught the market and public's attention throughout 2024 and allowed investors to push the broader economic weakness to the background, not all stocks have performed well. Sectors such as oil shipping, biotechnology, industrials, and non-AI information technology have all struggled to impress in 2024. Some stocks, such as this oil tanker firm, are close to 52-week lows as 2024 ends after having lost 26% year-to-date. Sectors like biotechnology, as evidenced by the NASDAQ's index of biotechnology stocks have gained a modest 2.6% year-to-date. Others, such as this Brazilian oil and fuel distribution stock have bled 60% of their value so far in 2024.\nIt's safe to say that not all sectors of the market have performed well. However, as any prudent investor knows, not all stocks at the bottom of the barrel have to be shunned. Therefore, in this piece, we will look at those stocks that are trading at low levels but attract hefty hedge fund interest during the third quarter.\nOur Methodology \nTo make our list of stocks that can bounce back according to hedge funds, we ranked the 40 most valuable stocks with a market cap greater than $300 million that are down 50% or more year-to-date by the number of hedge funds that had bought the shares in Q3 2024. Out of these, we picked the top ten stocks with the highest number of hedge fund investors.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A close-up of a hand, counting the money from the subscription fees of the Entertainment Communication Services company. \nSirius XM Holdings Inc. (NASDAQ:SIRI)\nYear-To-Date Loss: 56.08%\nNumber of Hedge Fund Investors In Q3 2024: 49\nSirius XM Holdings Inc. (NASDAQ:SIRI) is an American entertainment company that streams audio content through software applications and satellites. The firm has had a tumultuous year so far as it has struggled to maintain its paid user base primarily due to shifts in the car market. Sirius XM Holdings Inc. (NASDAQ:SIRI) depends to a large extent on vehicle subscriptions, and according to the firm, higher new car sales have pushed a large chunk of its users into unpaid trial services. Its subscriber churn rate during Q1, Q2, and Q3 was 1.7%, 1.5%, and 1.6% for its self-pay users. The drops have caused Sirius XM Holdings Inc. (NASDAQ:SIRI) to reduce its full-year revenue guidance to $8.68 billion from an earlier $8.75 billion. Over the long term, the firm's hypothesis depends on its 2027 target of $1.5 billion through $200 million in cost savings.\nWeitz Investment mentioned Sirius XM Holdings Inc. (NASDAQ:SIRI) in its Q3 2024 investor letter. Here is what the fund said:\n\n“This quarter, Liberty SiriusXM successfully completed its merger with SiriusXM, simplifying a complicated ownership structure by transforming our holdings of Liberty’s tracking stock into a direct interest in the satellite radio business. Unfortunately, the merger comes as investors are concerned with recent, negative subscriber trends and diminished cash flow that have pressured shares of both entities this year. As a result, the new Sirius XM Holdings Inc. (NASDAQ:SIRI) is on detractors list for the quarter. At current prices, we believe investors are overly pessimistic about SiriusXM’s future cash flows, and modestly added to our position. There were no new businesses added to the portfolio this quarter, nor any exits (our shares of Liberty SiriusXM were converted into shares of the new SiriusXM Holdings in the merger).”\n\nOverall SIRI ranks 3rd on our list of the stocks that will bounce back according to hedge funds. While we acknowledge the potential of SIRI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SIRI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492186369"}