These Stocks Under $5 Are Poised To Explode

3. Sirius XM Holdings Inc. (NASDAQ:SIRI)

Investors with Long Positions (as of June 30): 32

Aggregate Value of Investors’ Holdings (as of June 30): $1.47 Billion

The overall number of hedge funds monitored by Insider Monkey with stakes in Sirius XM Holdings Inc. (NASDAQ:SIRI) declined by two during the second quarter, with the remaining funds accumulating 7.20% of its outstanding shares. The shares of the largest radio broadcaster in the world are nearly 15% in the green year-to-date, and it appears that the stock will not trade under $5 for long. However, one should not overlook the fact that the stock currently trades at a forward P/E ratio of 26.27, compared to a median of 18.41 for all the companies included in the Standard and Poor’s 500. Just recently, the company reported record quarterly revenue of $1.17 billion for the third quarter, which was up by 11% year-over-year. Sirius XM Holdings’ net income increased to $167 million from $136 million reported in the same period a year ago. Peter Adam Hochfelder’s Brahman Capital held its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) unchanged during the second quarter at 95.21 million shares.