Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Acquired by Check Capital Management Inc. CA

Check Capital Management Inc. CA lifted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 597.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,145,731 shares of the company’s stock after purchasing an additional 981,517 shares during the quarter. Sirius XM comprises about 0.8% of Check Capital Management Inc. CA’s holdings, making the stock its 13th biggest holding. Check Capital Management Inc. CA’s holdings in Sirius XM were worth $26,123,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Coston McIsaac & Partners raised its holdings in Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after acquiring an additional 624 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the fourth quarter valued at approximately $26,000. TCTC Holdings LLC acquired a new stake in Sirius XM in the third quarter valued at approximately $29,000. Geneos Wealth Management Inc. raised its holdings in Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its holdings in Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SIRI. StockNews.com began coverage on shares of Sirius XM in a report on Wednesday, November 13th. They issued a “sell” rating on the stock. Morgan Stanley dropped their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim dropped their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Rosenblatt Securities dropped their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and an average target price of $26.96.

Sirius XM Price Performance

Sirius XM stock opened at $27.11 on Friday. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $49.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The business has a fifty day moving average of $23.33 and a two-hundred day moving average of $26.06. The company has a market cap of $9.18 billion, a P/E ratio of -4.23, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, analysts predict that Sirius XM Holdings Inc. will post 3.17 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio is presently -16.85%.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.