Institutional Watch - Satellite Radio
June 12, 2006
Satellite Standard Group keeps you informed.
Institutional ownership in SDARS has been a sector that has been a big differentiating factor with Sirius and XM.
Traditionionally XM has had a much larger institutions base than has Sirius. Earlier this year XM showed institutional owenership of 109% (short interest plays a role in this) and Sirius as low as 24%.
As of the end of Q1 there have been some adjustments to these numbers. XM now sits at about 100% while Sirius is now at about 31%.
This is an area that investors will want to keep informed and aware of. With TCW exiting their XM position, it will be interesting to watch what is happening with institutional ownership in SDARS. There is potential for these equites to be substantially impacted by institutional activity.
At this point this subject is an issue that should at a minimum cause a "blip" on every investors radar screen. Keep an eye on the institutional sector. There have been a lot of conferences over the past 60 days.
6/12/2006 04:09:00 PM
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
0 Comments:
SSG is not a Financial Advisor. Read Disclosure: HERE
--------------------------------------------------------
