Check Capital Management Inc. CA Buys 821,657 Shares of Sirius XM Holdings Inc. $SIRI

Check Capital Management Inc. CA raised its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 39.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,883,500 shares of the company’s stock after purchasing an additional 821,657 shares during the quarter. Sirius XM makes up 1.7% of Check Capital Management Inc. CA’s holdings, making the stock its 7th largest position. Check Capital Management Inc. CA’s holdings in Sirius XM were worth $57,656,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SIRI. Geneos Wealth Management Inc. increased its stake in Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after buying an additional 493 shares during the period. Deseret Mutual Benefit Administrators increased its stake in Sirius XM by 67.1% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,664 shares of the company’s stock valued at $62,000 after buying an additional 1,070 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Sirius XM in the 4th quarter valued at approximately $76,000. Aster Capital Management DIFC Ltd increased its stake in Sirius XM by 134.6% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 3,659 shares of the company’s stock valued at $85,000 after buying an additional 2,099 shares during the period. Finally, North Star Investment Management Corp. increased its stake in Sirius XM by 1,543.7% in the 4th quarter. North Star Investment Management Corp. now owns 5,342 shares of the company’s stock valued at $107,000 after buying an additional 5,017 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Evercore set a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 1st. UBS Group set a $24.00 price target on shares of Sirius XM in a research note on Tuesday, February 10th. Citigroup restated a “sell” rating and set a $22.00 price target (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. Moffett Nathanson initiated coverage on shares of Sirius XM in a research note on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price target on the stock. Finally, Rosenblatt Securities dropped their price target on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Sirius XM has a consensus rating of “Hold” and a consensus price target of $27.45.

Sirius XM Stock Performance

Shares of SIRI opened at $27.05 on Thursday. The company’s fifty day moving average is $24.61 and its 200-day moving average is $22.38. Sirius XM Holdings Inc. has a 12 month low of $19.76 and a 12 month high of $28.77. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.56 and a beta of 0.94. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the business posted $0.59 EPS. Sirius XM’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts expect that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 11th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is 45.57%.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.