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

Hi Line Capital Management LLC increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 523,480 shares of the company's stock after purchasing an additional 87,115 shares during the period. Sirius XM accounts for approximately 4.4% of Hi Line Capital Management LLC's investment portfolio, making the stock its 4th biggest position. Hi Line Capital Management LLC owned approximately 0.15% of Sirius XM worth $11,802,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Sirius XM in the first quarter valued at about $25,000. Putney Financial Group LLC acquired a new position in shares of Sirius XM in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA purchased a new position in Sirius XM during the fourth quarter worth about $26,000. First Command Advisory Services Inc. purchased a new position in shares of Sirius XM during the 4th quarter worth approximately $30,000. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Sirius XM by 255.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock valued at $42,000 after buying an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Stock Up 0.7%

Shares of Sirius XM stock opened at $21.91 on Tuesday. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The company has a market cap of $7.40 billion, a P/E ratio of -3.36, a PEG ratio of 0.31 and a beta of 0.91. 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 firm has a fifty day moving average of $21.57 and a two-hundred day moving average of $22.61.

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

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date was Friday, May 9th. Sirius XM's payout ratio is currently -16.56%.

Analyst Ratings Changes

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

Insider Buying and Selling at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the transaction, the director now directly owns 15,471 shares in the company, valued at approximately $344,539.17. This represents a 9.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.79% of the stock is owned by insiders.

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.

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