Mork Capital Management LLC purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 43,200 shares of the company's stock, valued at approximately $985,000.
A number of other hedge funds also recently made changes to their positions in the business. Berkshire Hathaway Inc increased 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 acquiring an additional 12,313,544 shares during the period. LSV Asset Management acquired a new position in shares of Sirius XM during the fourth quarter valued at approximately $51,535,000. Norges Bank acquired a new position in shares of Sirius XM during the fourth quarter valued at approximately $28,269,000. Check Capital Management Inc. CA increased its stake in shares of Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock valued at $26,123,000 after acquiring an additional 981,517 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Sirius XM during the fourth quarter valued at approximately $19,052,000. Institutional investors own 10.69% of the company's stock.
Sirius XM Stock Up 1.7%
NASDAQ:SIRI traded up $0.37 during trading hours on Friday, hitting $22.73. 3,533,583 shares of the stock traded hands, compared to its average volume of 5,143,243. The firm has a 50 day moving average price of $21.57 and a 200 day moving average price of $23.54. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of -3.55, a PEG ratio of 0.79 and a beta of 0.90.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its 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). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the firm earned $0.07 earnings per share. Sirius XM's revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is presently -16.56%.
Analyst Ratings Changes
A number of research firms recently commented on SIRI. 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. Rosenblatt Securities lowered their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Guggenheim decreased their price target on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Finally, Morgan Stanley dropped their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.65.
Read Our Latest Analysis on Sirius XM
About Sirius XM
(
Free Report)
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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