Weitz Investment Management Inc. Has $33.41 Million Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Weitz Investment Management Inc. grew its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,465,500 shares of the company's stock after acquiring an additional 203,501 shares during the quarter. Sirius XM comprises approximately 1.7% of Weitz Investment Management Inc.'s portfolio, making the stock its 22nd biggest position. Weitz Investment Management Inc. owned approximately 0.43% of Sirius XM worth $33,413,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new stake in shares of Sirius XM in the fourth quarter valued at about $26,000. First Command Advisory Services Inc. purchased a new stake in Sirius XM during the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. lifted its holdings 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 purchasing an additional 1,144 shares during the period. Gables Capital Management Inc. acquired a new stake in shares of Sirius XM in the 4th quarter worth $43,000. Finally, Avior Wealth Management LLC boosted its holdings in shares of Sirius XM by 670.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock valued at $47,000 after acquiring an additional 1,810 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SIRI has been the subject of a number of recent analyst reports. Rosenblatt Securities reduced 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. Seaport Res Ptn downgraded Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Morgan Stanley cut 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. Guggenheim lowered 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. Finally, Barrington Research set a $28.00 target price on shares of Sirius XM in a report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.81.

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Sirius XM Price Performance

Shares of NASDAQ SIRI traded down $1.62 during trading on Friday, hitting $19.51. The company had a trading volume of 9,239,387 shares, compared to its average volume of 4,825,474. 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 company has a market cap of $6.61 billion, a P/E ratio of -3.04, a PEG ratio of 0.79 and a beta of 0.98. The business's 50-day moving average is $23.91 and its 200 day moving average is $24.42. Sirius XM Holdings Inc. has a 52 week low of $19.01 and a 52 week high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. Equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's payout ratio is -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.