Check Capital Management Inc. CA grew its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 597.7% in 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 acquiring an additional 981,517 shares during the period. Sirius XM comprises approximately 0.8% of Check Capital Management Inc. CA's investment portfolio, making the stock its 13th biggest holding. Check Capital Management Inc. CA owned approximately 0.34% of Sirius XM worth $26,123,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Coston McIsaac & Partners boosted its stake in shares of Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company's stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the fourth quarter worth about $26,000. TCTC Holdings LLC purchased a new stake in shares of Sirius XM during the third quarter valued at $29,000. Geneos Wealth Management Inc. increased its holdings in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after buying an additional 1,144 shares during the period. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock valued at $32,000 after buying an additional 1,315 shares during the period. Hedge funds and other institutional investors own 10.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Pivotal Research dropped their target price on Sirius XM from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Morgan Stanley dropped their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Rosenblatt Securities cut their price objective on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. StockNews.com started coverage on Sirius XM in a research report on Wednesday, November 13th. They issued a "sell" rating on the stock. Finally, Bank of America restated an "underperform" rating and issued a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.96.
Read Our Latest Research Report on Sirius XM
Sirius XM Stock Down 5.0 %
Sirius XM stock traded down $1.32 during midday trading on Wednesday, reaching $25.20. The company's stock had a trading volume of 6,144,003 shares, compared to its average volume of 5,860,903. The business has a 50-day simple moving average of $23.32 and a 200-day simple moving average of $25.86. The company has a market cap of $8.54 billion, a P/E ratio of -3.93, a P/E/G ratio of 0.85 and a beta of 1.06. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $48.55. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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%. On average, research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a $0.27 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.29%. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
About Sirius XM
(
Free Report)
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.
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