Doma Perpetual Capital Management LLC Purchases 63,500 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Doma Perpetual Capital Management LLC lifted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,221,898 shares of the company’s stock after buying an additional 63,500 shares during the quarter. Sirius XM comprises about 13.9% of Doma Perpetual Capital Management LLC’s holdings, making the stock its 3rd largest position. Doma Perpetual Capital Management LLC owned 0.36% of Sirius XM worth $27,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new position in Sirius XM in the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new position in Sirius XM in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. grew its holdings in Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after buying an additional 1,144 shares in the last quarter. Gables Capital Management Inc. purchased a new position in Sirius XM during the 4th quarter worth $43,000. Finally, Avior Wealth Management LLC lifted its position in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after purchasing an additional 1,810 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Guggenheim reduced their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Rosenblatt Securities cut their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Barrington Research set a $28.00 target price on shares of Sirius XM in a report on Friday, January 31st. Finally, Morgan Stanley reduced their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sirius XM has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Price Performance

NASDAQ SIRI opened at $20.16 on Tuesday. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $41.60. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of -3.15, a PEG ratio of 0.79 and a beta of 0.98. The company’s 50 day moving average is $22.85 and its two-hundred day moving average is $24.09. 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 (NASDAQ:SIRI) last issued its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.36%. The ex-dividend date is Friday, May 9th. Sirius XM’s payout ratio is -16.85%.

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.