Kovitz Investment Group Partners LLC Invests $286,000 in Sirius XM Holdings Inc. $SIRI

Key Points

• Kovitz Investment Group Partners LLC acquired 12,667 shares of Sirius XM Holdings Inc., worth approximately $286,000, in the first quarter.
• Sirius XM reported earnings per share of $0.57 for the most recent quarter, missing analysts' estimates, while also experiencing a 1.8% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.27 per share, representing a 4.6% dividend yield, with the next payment scheduled for August 27th.

Kovitz Investment Group Partners LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,667 shares of the company's stock, valued at approximately $286,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc increased its holdings in Sirius XM by 11.7% during the fourth quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock worth $2,678,283,000 after buying an additional 12,313,544 shares during the last quarter. LSV Asset Management increased its stake in shares of Sirius XM by 41.5% during the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company's stock worth $72,094,000 after purchasing an additional 937,500 shares during the last quarter. Seizert Capital Partners LLC increased its position in Sirius XM by 0.5% during the first quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company's stock worth $51,429,000 after buying an additional 11,549 shares during the last quarter. Ameriprise Financial Inc. increased its position in Sirius XM by 69.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,651,891 shares of the company's stock worth $37,663,000 after buying an additional 675,924 shares during the last quarter. Finally, Northern Trust Corp increased its position in Sirius XM by 5.8% during the fourth quarter. Northern Trust Corp now owns 1,309,442 shares of the company's stock worth $29,855,000 after buying an additional 72,172 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SIRI shares. Rosenblatt Securities boosted 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. Zacks Research raised Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Barrington Research reissued an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, August 1st. Guggenheim reiterated a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Finally, Morgan Stanley upped their price objective on shares of Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, July 16th. One equities 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.18.

Sirius XM Stock Performance

NASDAQ SIRI traded up $0.40 on Wednesday, reaching $23.54. The stock had a trading volume of 1,751,752 shares, compared to its average volume of 4,430,629. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a fifty day moving average of $22.89 and a two-hundred day moving average of $22.61. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $33.10. The company has a market cap of $7.93 billion, a P/E ratio of -3.49, a price-to-earnings-growth ratio of 0.35 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the company posted $0.80 earnings per share. The company's revenue was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, August 8th. Sirius XM's dividend payout ratio is presently -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.