Landscape Capital Management L.L.C. Makes New $1.14 Million Investment in Sirius XM Holdings Inc. $SIRI

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in Sirius XM Holdings Inc., purchasing 50,359 shares valued at approximately $1,135,000 during the first quarter.
• Sirius XM reported a missing EPS estimate of $0.57 for the last quarter, below the analysts' consensus of $0.79, despite revenue of $2.14 billion, which was slightly above expectations.
• The company announced a quarterly dividend of $0.27 per share, representing a 4.6% annual dividend yield, although its current payout ratio stands at -16.00%.

Landscape Capital Management L.L.C. purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 50,359 shares of the company's stock, valued at approximately $1,135,000.

Several other large investors have also modified their holdings of SIRI. Berkshire Hathaway Inc grew its holdings in Sirius XM by 11.7% in 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 grew its stake in shares of Sirius XM by 15.6% during the 1st quarter. IFP Advisors Inc now owns 17,133 shares of the company's stock valued at $386,000 after buying an additional 2,307 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake 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 buying an additional 10,876 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Sirius XM by 9.0% during the 1st 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 boosted its holdings in Sirius XM by 8.3% in the first quarter. Ninety One UK Ltd now owns 191,829 shares of the company's stock valued at $4,325,000 after acquiring an additional 14,718 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SIRI has been the subject of several research analyst reports. Morgan Stanley upped their price target on Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 16th. Barrington Research restated an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a report 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. Wells Fargo & Company dropped their price objective on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Finally, Guggenheim reissued a "buy" rating and issued a $29.00 target price on shares of Sirius XM in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.18.

Sirius XM Stock Up 1.7%

Shares of NASDAQ SIRI traded up $0.39 during midday trading on Wednesday, reaching $23.50. 1,842,501 shares of the company's stock were exchanged, compared to its average volume of 4,399,075. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $31.40. The business's fifty day moving average price is $23.05 and its two-hundred day moving average price is $22.51. The stock has a market capitalization of $7.91 billion, a PE ratio of -3.48, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $0.80 EPS. Sirius XM'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. Analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, August 8th. Sirius XM's dividend payout ratio (DPR) is currently -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.