Capital Management Corp VA Has $12.98 Million Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Capital Management Corp VA raised its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 15.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575,525 shares of the company's stock after acquiring an additional 78,193 shares during the period. Sirius XM makes up 2.2% of Capital Management Corp VA's holdings, making the stock its 18th largest position. Capital Management Corp VA owned approximately 0.17% of Sirius XM worth $12,975,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Berkshire Hathaway Inc increased its position in shares of Sirius XM by 11.7% during the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after purchasing an additional 12,313,544 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Sirius XM by 29.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 47,214 shares of the company's stock valued at $1,064,000 after purchasing an additional 10,876 shares during the period. Ninety One UK Ltd increased its position in shares of Sirius XM by 8.3% during the 1st quarter. Ninety One UK Ltd now owns 191,829 shares of the company's stock valued at $4,325,000 after purchasing an additional 14,718 shares during the period. Brighton Jones LLC acquired a new position in shares of Sirius XM during the 4th quarter valued at $622,000. Finally, Weitz Investment Management Inc. grew its holdings in shares of Sirius XM by 16.1% in the 4th quarter. Weitz Investment Management Inc. now owns 1,465,500 shares of the company's stock worth $33,413,000 after acquiring an additional 203,501 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SIRI shares. Morgan Stanley lifted their target price on Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday. Rosenblatt Securities decreased their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company lifted their target price on Sirius XM from $16.00 to $19.00 and gave the stock an "underweight" rating in a report on Wednesday, July 2nd. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Guggenheim restated a "buy" rating and issued a $29.00 target price on shares of Sirius XM in a report on Thursday, June 26th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $26.50.

Insider Transactions at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $36,767.77. Following the completion of the sale, the director owned 15,471 shares of the company's stock, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.32% of the company's stock.

Sirius XM Stock Up 0.6%

Shares of SIRI stock traded up $0.13 on Friday, reaching $23.56. 2,196,284 shares of the company's stock traded hands, compared to its average volume of 4,811,716. Sirius XM Holdings Inc. has a 12-month low of $18.69 and a 12-month high of $41.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $7.96 billion, a P/E ratio of -3.61, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92. The business's 50 day moving average price is $22.59 and its two-hundred day moving average price is $22.63.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. Sirius XM had a negative net margin of 25.00% and a positive return on equity of 6.77%. Sirius XM's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

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.