Capital Management Corp VA Invests $11.34 Million in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Capital Management Corp VA bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 497,332 shares of the company's stock, valued at approximately $11,339,000. Sirius XM makes up approximately 2.0% of Capital Management Corp VA's portfolio, making the stock its 20th largest position. Capital Management Corp VA owned approximately 0.15% of Sirius XM as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM in the 4th quarter valued at approximately $26,000. TCTC Holdings LLC bought a new position in Sirius XM in the third quarter valued at approximately $29,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM in the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. increased its position in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after acquiring an additional 1,144 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after acquiring an additional 1,810 shares during the period. 10.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SIRI shares. Seaport Res Ptn lowered shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Morgan Stanley reduced their price objective on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, January 23rd. StockNews.com assumed coverage on Sirius XM in a report on Wednesday, November 13th. They set a "sell" rating for the company. Guggenheim cut their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, Barrington Research set a $28.00 price target on shares of Sirius XM in a research note on Friday, January 31st. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.81.

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Sirius XM Stock Performance

NASDAQ:SIRI traded down $1.69 during mid-day trading on Tuesday, hitting $22.70. The stock had a trading volume of 11,079,154 shares, compared to its average volume of 5,585,161. The company's 50 day simple moving average is $23.67 and its 200 day simple moving average is $25.17. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of -3.54, a PEG ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $41.90.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.76%. Sirius XM's dividend payout ratio is currently -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.