SummitTX Capital L.P. Grows Position in Sirius XM Holdings Inc. $SIRI

Posted by Brenda Bartman on Jul 28th, 2026

SummitTX Capital L.P. boosted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) by 12.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,235 shares of the company’s stock after purchasing an additional 19,275 shares during the period. SummitTX Capital L.P. owned approximately 0.05% of Sirius XM worth $3,998,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SIRI. Dimensional Fund Advisors LP increased its holdings in shares of Sirius XM by 262.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock worth $145,426,000 after buying an additional 4,560,821 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after acquiring an additional 3,233,922 shares during the last quarter. State Street Corp grew its position in Sirius XM by 0.7% during the fourth quarter. State Street Corp now owns 3,487,415 shares of the company’s stock valued at $69,731,000 after acquiring an additional 25,906 shares during the period. Check Capital Management Inc. CA grew its position in Sirius XM by 2.0% during the first quarter. Check Capital Management Inc. CA now owns 2,942,595 shares of the company’s stock valued at $67,915,000 after acquiring an additional 59,095 shares during the period. Finally, Norges Bank acquired a new stake in Sirius XM during the fourth quarter worth about $57,124,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insiders Place Their Bets

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the sale, the insider directly owned 20,163 shares of the company’s stock, valued at $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.27% of the stock is currently owned by corporate insiders.

Sirius XM Stock Up 4.8%

Shares of Sirius XM stock opened at $31.22 on Tuesday. Sirius XM Holdings Inc. has a 1-year low of $19.76 and a 1-year high of $31.49. The business has a 50-day moving average of $29.08 and a 200-day moving average of $25.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $10.51 billion, a PE ratio of 13.17, a P/E/G ratio of 0.64 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. As a group, equities analysts forecast that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 10th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, August 10th. Sirius XM’s dividend payout ratio (DPR) is 45.57%.

Wall Street Analyst Weigh In

SIRI has been the topic of a number of research reports. Barrington Research raised their price objective on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Guggenheim reissued a “buy” rating on shares of Sirius XM in a research report on Wednesday, June 17th. 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. Wells Fargo & Company set a $30.00 price target on shares of Sirius XM and gave the company an “equal weight” rating in a research report on Monday. Finally, Morgan Stanley boosted their price objective on shares of Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.09.

Read Our Latest Analysis on SIRI

Sirius XM Profile

(Free Report)

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.