Check Capital Management Inc. CA Reduces Stake in Sirius XM Holdings Inc. $SIRI

Check Capital Management Inc. CA reduced its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,166,596 shares of the company’s stock after selling 5,748 shares during the period. Sirius XM comprises 0.9% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 13th biggest position. Check Capital Management Inc. CA owned approximately 0.35% of Sirius XM worth $26,797,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its stake in Sirius XM by 661.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock valued at $80,630,000 after purchasing an additional 3,107,313 shares in the last quarter. LSV Asset Management increased its stake in Sirius XM by 41.5% in the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock valued at $72,094,000 after purchasing an additional 937,500 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Sirius XM by 42.0% in the 1st quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company’s stock valued at $52,876,000 after purchasing an additional 693,473 shares in the last quarter. Seizert Capital Partners LLC increased its stake in Sirius XM by 0.5% in the 1st quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company’s stock valued at $51,429,000 after purchasing an additional 11,549 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Sirius XM by 209.9% in the 1st quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company’s stock valued at $43,770,000 after purchasing an additional 1,325,870 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barrington Research reissued an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a research report on Friday, August 1st. Wells Fargo & Company dropped their price target on Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, August 1st. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Rosenblatt Securities raised their price target on Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Finally, Guggenheim reissued a “buy” rating and set a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.70.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $20.93 on Friday. The company has a market cap of $7.05 billion, a P/E ratio of -3.10, a P/E/G ratio of 0.32 and a beta of 0.93. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $29.18. The business has a fifty day simple moving average of $22.83 and a 200-day simple moving average of $22.33.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. Sirius XM’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. Equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

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

Sirius XM Profile

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.