Doma Perpetual Capital Management LLC Sells 63,500 Shares of Sirius XM Holdings Inc. $SIRI

Key Points

• Doma Perpetual Capital Management LLC reduced its stake in Sirius XM Holdings Inc. by 5.2%, selling 63,500 shares during the first quarter, leaving it with approximately 1,158,398 shares.
• Sirius XM recently reported earnings of $0.57 per share, missing analyst expectations of $0.79, while its revenue for the quarter was $2.14 billion, slightly above forecasts.
• The company declared a quarterly dividend of $0.27 per share, representing a 4.6% dividend yield, with an ex-dividend date of August 8th.

Doma Perpetual Capital Management LLC lowered its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 5.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,158,398 shares of the company's stock after selling 63,500 shares during the period. Sirius XM makes up about 10.3% of Doma Perpetual Capital Management LLC's investment portfolio, making the stock its 6th largest position. Doma Perpetual Capital Management LLC owned approximately 0.34% of Sirius XM worth $26,116,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc raised its stake in shares of Sirius XM by 11.7% during the fourth 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. IFP Advisors Inc raised its stake in shares of Sirius XM by 15.6% during the first quarter. IFP Advisors Inc now owns 17,133 shares of the company's stock valued at $386,000 after purchasing an additional 2,307 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Sirius XM by 29.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 47,214 shares of the company's stock worth $1,064,000 after buying an additional 10,876 shares in the last quarter. Cresset Asset Management LLC increased its stake in shares of Sirius XM by 9.0% in the first quarter. Cresset Asset Management LLC now owns 11,463 shares of the company's stock worth $258,000 after buying an additional 944 shares during the last quarter. Finally, Ninety One UK Ltd increased its stake in shares of Sirius XM by 8.3% in the first quarter. Ninety One UK Ltd now owns 191,829 shares of the company's stock worth $4,325,000 after buying an additional 14,718 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.

Sirius XM Price Performance

SIRI stock traded up $0.42 during trading on Wednesday, hitting $23.53. The company had a trading volume of 2,753,401 shares, compared to its average volume of 4,399,526. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of -3.49, a P/E/G ratio of 0.36 and a beta of 0.95. The business has a 50 day moving average of $23.05 and a 200 day moving average of $22.51. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $31.40. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89.

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

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were given a $0.27 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.6%. Sirius XM's payout ratio is -16.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Friday, August 1st. Zacks Research upgraded shares of Sirius XM from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. Rosenblatt Securities lifted their price target on shares of Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Guggenheim reiterated a "buy" rating and set a $29.00 target price on shares of Sirius XM in a research note on Thursday, June 26th. Finally, Barrington Research reiterated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Sirius XM has an average rating of "Hold" and an average price target of $26.18.

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.