Doma Perpetual Capital Management LLC Purchases 63,500 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Doma Perpetual Capital Management LLC grew its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,221,898 shares of the company's stock after purchasing an additional 63,500 shares during the period. Sirius XM makes up about 13.9% of Doma Perpetual Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Doma Perpetual Capital Management LLC owned approximately 0.36% of Sirius XM worth $27,859,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SIRI. Geode Capital Management LLC boosted its stake in shares of Sirius XM by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock valued at $89,284,000 after buying an additional 154,765 shares during the last quarter. Seizert Capital Partners LLC boosted its stake in Sirius XM by 16.3% during the 4th quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company's stock valued at $51,747,000 after acquiring an additional 317,289 shares during the last quarter. LSV Asset Management acquired a new position in Sirius XM during the 4th quarter worth $51,535,000. Brandywine Global Investment Management LLC increased its position in shares of Sirius XM by 7.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company's stock worth $50,571,000 after purchasing an additional 150,744 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Sirius XM by 43.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,068,251 shares of the company's stock valued at $47,156,000 after purchasing an additional 625,044 shares in the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SIRI shares. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Rosenblatt Securities reduced their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Guggenheim reduced their target price on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Barrington Research set a $28.00 price target on shares of Sirius XM in a research note on Friday, January 31st. Six research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.81.

Sirius XM Price Performance

NASDAQ:SIRI traded up $0.31 during mid-day trading on Friday, reaching $21.67. 3,018,415 shares of the stock were exchanged, compared to its average volume of 4,994,934. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average price of $22.39 and a 200 day moving average price of $24.02. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $41.60. The firm has a market capitalization of $7.34 billion, a PE ratio of -3.38, a PEG ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (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%. 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.98%. Sirius XM's dividend payout ratio (DPR) is presently -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.