Sirius XM Holdings Inc. $SIRI Shares Acquired by Check Capital Management Inc. CA

Check Capital Management Inc. CA lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,942,595 shares of the company’s stock after acquiring an additional 59,095 shares during the period. Sirius XM accounts for 2.0% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 7th biggest holding. Check Capital Management Inc. CA’s holdings in Sirius XM were worth $67,915,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new position in shares of Sirius XM in the first quarter valued at about $356,000. Fifth Third Bancorp acquired a new stake in shares of Sirius XM during the first quarter worth about $1,243,000. Kestra Advisory Services LLC lifted its holdings in shares of Sirius XM by 37.3% during the first quarter. Kestra Advisory Services LLC now owns 13,350 shares of the company’s stock worth $308,000 after purchasing an additional 3,629 shares during the period. HB Wealth Management LLC purchased a new stake in Sirius XM in the first quarter valued at approximately $237,000. Finally, PFG Investments LLC purchased a new stake in Sirius XM in the first quarter valued at approximately $222,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SIRI. Rosenblatt Securities cut their price target on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Guggenheim restated a “buy” rating on shares of Sirius XM in a research note on Wednesday, June 17th. Citigroup reaffirmed a “sell” rating and issued a $22.00 price objective (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Evercore set a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Sirius XM currently has a consensus rating of “Hold” and an average target price of $27.45.

Sirius XM Stock Up 0.8%

Sirius XM stock opened at $30.67 on Tuesday. The stock has a market capitalization of $10.32 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.66 and a beta of 0.95. Sirius XM Holdings Inc. has a 12 month low of $19.76 and a 12 month high of $31.42. The business has a 50 day simple moving average of $28.28 and a 200-day simple moving average of $24.39. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm posted $0.59 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, analysts anticipate that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 3.5%. Sirius XM’s dividend payout ratio is currently 45.57%.

Insiders Place Their Bets

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the transaction, the insider directly owned 20,163 shares in the company, valued at approximately $601,462.29. This represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.27% of the company’s stock.

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.