Sirius XM Holdings Inc. (NASDAQ:SIRI) is Hi Line Capital Management LLC's 4th Largest Position

Hi Line Capital Management LLC raised its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 523,480 shares of the company's stock after acquiring an additional 87,115 shares during the quarter. Sirius XM makes up about 4.4% of Hi Line Capital Management LLC's investment portfolio, making the stock its 4th biggest position. Hi Line Capital Management LLC owned about 0.15% of Sirius XM worth $11,802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its holdings in Sirius XM by 29.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 47,214 shares of the company's stock valued at $1,064,000 after acquiring an additional 10,876 shares during the period. Kentucky Retirement Systems bought a new stake in shares of Sirius XM in the first quarter worth about $331,000. Innealta Capital LLC bought a new stake in shares of Sirius XM in the first quarter worth about $298,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Sirius XM in the first quarter worth about $524,000. Finally, Bfsg LLC increased its holdings in shares of Sirius XM by 28.4% in the first quarter. Bfsg LLC now owns 9,480 shares of the company's stock worth $214,000 after purchasing an additional 2,097 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the company's 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 now owns 15,471 shares in the company, valued at $344,539.17. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.32% of the stock is owned by company insiders.

Sirius XM Trading Up 0.2%

Shares of NASDAQ:SIRI traded up $0.05 during trading hours on Friday, hitting $22.56. 4,530,142 shares of the company's stock traded hands, compared to its average volume of 4,950,870. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. The business has a fifty day moving average price of $21.75 and a 200-day moving average price of $22.54. The firm has a market capitalization of $7.62 billion, a P/E ratio of -3.46, a price-to-earnings-growth ratio of 0.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a negative net margin of 25.00% and a positive return on equity of 6.77%. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. Equities analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.79%. Sirius XM's dividend payout ratio is currently -16.56%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SIRI. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Rosenblatt Securities reduced 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. Guggenheim reaffirmed a "buy" rating and issued a $29.00 target price on shares of Sirius XM in a report on Thursday. Finally, Barrington Research reissued an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 2nd. Six 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sirius XM has a consensus rating of "Hold" and an average target price of $26.17.

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.