As Sirius Xm Hldgs (SIRI) Share Value Declined, Holder Berkshire Hathaway Lowered by $172.05 Million Its Position; Rr Advisors Holding in Targa Resources Corp. (TRGP) Raised by $2.61 Million as Market Valuation Declined

October 12, 2017 - By Adrian Mccoy

Rr Advisors Llc increased its stake in Targa Resources Corp. (TRGP) by 4.44% based on its latest 2017Q2 regulatory filing with the SEC. Rr Advisors Llc bought 58,000 shares as the company’s stock declined 13.24% while stock markets rallied. The institutional investor held 1.37 million shares of the public utilities company at the end of 2017Q2, valued at $61.65 million, up from 1.31M at the end of the previous reported quarter. Rr Advisors Llc who had been investing in Targa Resources Corp. for a number of months, seems to be bullish on the $10.29B market cap company. The stock declined 0.48% or $0.23 reaching $47.54 on the news. About 603,412 shares traded. Targa Resources Corp (NYSE:TRGP) has risen 18.42% since October 12, 2016 and is uptrending. It has outperformed by 1.72% the S&P500.

Warren Buffett decreased its stake in Sirius Xm Hldgs Inc (SIRI) by 19.97% based on its latest 2017Q2 regulatory filing with the SEC. Berkshire Hathaway Inc sold 34.41 million shares as the company’s stock declined 0.61% while stock markets rallied. The hedge fund run by Warren Buffett held 137.92M shares of the broadcasting company at the end of 2017Q2, valued at $754.40M, down from 172.33M at the end of the previous reported quarter. Berkshire Hathaway Inc who had been investing in Sirius Xm Hldgs Inc for a number of months, seems to be less bullish one the $26.39 billion market cap company. The stock rose 0.26% or $0.02 reaching $5.74. About 11.71 million shares traded. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 25.58% since October 12, 2016 and is uptrending. It has outperformed by 8.88% the S&P500.

Among 14 analysts covering Sirius XM Holdings (NASDAQ:SIRI), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. Sirius XM Holdings had 24 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Monday, October 26 by RBC Capital Markets. As per Friday, August 25, the company rating was maintained by KeyBanc Capital Markets. The firm has “Buy” rating by Zacks given on Tuesday, August 4. On Friday, February 3 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. Wunderlich maintained the shares of SIRI in report on Friday, April 29 with “Buy” rating. Bank of America maintained the stock with “Buy” rating in Wednesday, June 14 report. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) earned “Buy” rating by Pivotal Research on Friday, September 30. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) earned “Overweight” rating by Barclays Capital on Friday, August 14. On Wednesday, March 22 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. On Friday, September 18 the stock rating was initiated by Gabelli with “Buy”.

More notable recent Sirius XM Holdings Inc. (NASDAQ:SIRI) news were published by: Nasdaq.com which released: “Sirius XM (SIRI) Rewards Shareholders with 10% Dividend Hike” on October 04, 2017, also Prnewswire.com with their article: “SiriusXM Increases Dividend 10%” published on October 03, 2017, Seekingalpha.com published: “Sirius XM: Too Pricey For Me” on September 28, 2017. More interesting news about Sirius XM Holdings Inc. (NASDAQ:SIRI) were released by: Seekingalpha.com and their article: “A Funny Thing Happened On My Way To A Sirius XM Subscription” published on September 29, 2017 as well as Prnewswire.com‘s news article titled: “SiriusXM to Announce Third Quarter 2017 Results” with publication date: October 09, 2017.

Analysts await Sirius XM Holdings Inc. (NASDAQ:SIRI) to report earnings on October, 26. They expect $0.04 earnings per share, 0.00% or $0.00 from last year’s $0.04 per share. SIRI’s profit will be $183.90M for 35.88 P/E if the $0.04 EPS becomes a reality. After $0.04 actual earnings per share reported by Sirius XM Holdings Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.07 in 2017 Q2. Its up 0.10, from 0.97 in 2017Q1. It is positive, as 33 investors sold SIRI shares while 129 reduced holdings. 57 funds opened positions while 116 raised stakes. 917.75 million shares or 9.64% less from 1.02 billion shares in 2017Q1 were reported. 10 holds 0.04% or 26,996 shares. First Manhattan Communication invested in 39,244 shares. Moreover, Shelton has 0.13% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI). Usa Fincl Portformulas owns 538,325 shares for 0.71% of their portfolio. Toronto Dominion Bank reported 0% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI). Shell Asset Management has invested 0.02% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Robeco Institutional Asset Bv owns 0.18% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 5.11 million shares. North American Mngmt accumulated 10,500 shares. Ubs Oconnor Limited invested in 50,000 shares. Canandaigua Retail Bank has invested 0.01% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Cambridge Invest Advisors Incorporated, a Iowa-based fund reported 188,052 shares. Dynamic Limited holds 0.03% or 21,232 shares. Geode Capital Mgmt Ltd holds 14.69M shares. Bancshares Of America De has invested 0.01% in Sirius XM Holdings Inc. (NASDAQ:SIRI). 788,853 were accumulated by Bnp Paribas Arbitrage.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Targa Resources had 64 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, September 25 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, September 14 by Robert W. Baird. RBC Capital Markets maintained it with “Buy” rating and $60.0 target in Sunday, August 20 report. The firm earned “Buy” rating on Friday, July 14 by RBC Capital Markets. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, September 27. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, December 1. The stock has “Neutral” rating by Citigroup on Tuesday, October 10. The stock of Targa Resources Corp (NYSE:TRGP) has “Buy” rating given on Monday, August 21 by Jefferies. As per Monday, January 4, the company rating was downgraded by Raymond James. The firm has “Buy” rating by Jefferies given on Thursday, January 14.

Rr Advisors Llc, which manages about $1.13 billion and $754.84 million US Long portfolio, decreased its stake in Fairmount Santrol Hldgs Inc by 238,000 shares to 901,000 shares, valued at $3.51M in 2017Q2, according to the filing. It also reduced its holding in Concho Resources Inc Com Stk (NYSE:CXO) by 5,000 shares in the quarter, leaving it with 46,000 shares, and cut its stake in Rsp Permian Inc (NYSE:RSPP).

Since May 10, 2017, it had 0 insider purchases, and 2 sales for $707,772 activity. $133,066 worth of Targa Resources Corp (NYSE:TRGP) was sold by Middlebrooks Dan C on Tuesday, May 16.

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