NEW YORK (TheStreet) -- SiriusXM Holdings (SIRI) - Get Report shares are climbing 0.26% to $3.92 on Tuesday as American country music singer and songwriter Kenny Chesney is set to launch his own satellite radio channel.
Called "No Shoes Radio," the channel will be on SiriusXM exclusively, and will feature a mix of country, acoustic, classic rock and reggae.
The service will launch April 12 and a month later, Chesney will host a private concert for SiriusXM subscribers that will air live from New Jersey's Stone Pony nightclub.
"We've spent eight years building 'No Shoes Radio,'" Chesney said. "'It's always been a place where I could share songs I love, musicians I find, things on my computer nobody's ever heard."
The name of the channel is derived from his 2002 album, "No Shoes, No Shirt, No Problems."
Based in New York, SiriusXM Holdings provides satellite radio services in the U.S.
Separately, TheStreet Ratings currently has a "Hold" rating on the stock with a letter grade of C.
The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a decline in the stock price during the past year.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
You can view the full analysis from the report here: SIRI