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

Check Capital Management Inc. CA lowered its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,166,596 shares of the company’s stock after selling 5,748 shares during the quarter. Sirius XM accounts for 0.9% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 13th biggest position. Check Capital Management Inc. CA’s holdings in Sirius XM were worth $26,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Sirius XM in the first quarter valued at $25,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Sirius XM by 79.3% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock worth $36,000 after purchasing an additional 705 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after purchasing an additional 493 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Sirius XM by 3,263.3% during the first quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company’s stock worth $46,000 after purchasing an additional 1,958 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. acquired a new position in shares of Sirius XM during the first quarter worth about $52,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Down 5.4%

Shares of NASDAQ SIRI opened at $20.93 on Friday. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $29.18. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of -3.10, a PEG ratio of 0.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. The stock’s 50-day simple moving average is $22.83 and its 200-day simple moving average is $22.33.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 8th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Friday, August 8th. Sirius XM’s payout ratio is currently -16.00%.

Analyst Ratings Changes

A number of brokerages have commented on SIRI. Rosenblatt Securities boosted their price objective on Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Morgan Stanley boosted their price objective on Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 16th. Wells Fargo & Company reduced their price objective on Sirius XM from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, August 1st. Weiss Ratings restated a “sell (d)” rating on shares of Sirius XM in a research note on Saturday, September 27th. Finally, Guggenheim restated a “buy” rating and set a $29.00 price objective on shares of Sirius XM in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.70.

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.