Sirius XM Holdings Inc. (NASDAQ:SIRI) Stake Boosted by CX Institutional

CX Institutional lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 288,752.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,649 shares of the company's stock after acquiring an additional 138,601 shares during the quarter. CX Institutional's holdings in Sirius XM were worth $3,126,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Check Capital Management Inc. CA grew its position in shares of Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after acquiring an additional 981,517 shares in the last quarter. Legato Capital Management LLC grew its position in shares of Sirius XM by 21.9% in the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after acquiring an additional 15,342 shares in the last quarter. Berkshire Hathaway Inc grew its position in shares of Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock worth $2,678,283,000 after acquiring an additional 12,313,544 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Sirius XM by 15.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 83,439 shares of the company's stock worth $1,902,000 after acquiring an additional 11,243 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Sirius XM by 58.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 50,618 shares of the company's stock valued at $1,154,000 after purchasing an additional 18,720 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SIRI. Rosenblatt Securities reduced their price objective on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Barrington Research restated an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 2nd. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.65.

Insider Transactions at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the transaction, the director now owns 15,471 shares of the company's stock, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.32% of the company's stock.

Sirius XM Stock Performance

Sirius XM stock traded down $0.62 during mid-day trading on Friday, hitting $21.29. 3,684,236 shares of the company's stock traded hands, compared to its average volume of 5,137,454. The firm has a 50 day moving average price of $21.41 and a 200 day moving average price of $22.88. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market cap of $7.19 billion, a PE ratio of -3.32, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm earned $0.07 EPS. The firm's revenue was down 4.3% on a year-over-year basis. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM's dividend payout ratio is presently -16.56%.

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.