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Just in case you missed it, Wednesday, Feb. 14, was arguably the most important day of the first quarter for investors. It marked the deadline for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission.In simple terms, a 13F allows investors to see what Wall Street's smartest and most-successful money managers purchased and sold in the most recent quarter. In this instance, I'm talking about buying and selling activity that ...

Holders of Sirius XM (SIRI -0.21%) shares have been sorely disappointed over the years. Since the company's initial public offering in September 1994, the shares have gained just 8% compared to the S&P 500's 969%.That should make many investors cautious, particularly those who have lost money or badly lagged the market. A look backward can prove instructive in understanding a company's present situation and the market's assessment. But it's important to take a forward-looking approach.Have the markets signa ...

Although Wall Street is a bona fide moneymaker over long periods, its performance over shorter timelines is about as certain as a coin flip. For instance, each of the stock market's major indexes have traded off bear and bull markets in successive years since the decade began. These swings have been especially noteworthy in the growth-fueled Nasdaq-100.The Nasdaq-100, which is comprised of the 100 largest nonfinancial companies listed on the Nasdaq exchange, lost a whopping 33% of its value in 2022, and has ...

News of layoffs in the tech sector aren’t abating, and if anything, they’re picking up steam. Sirius XM (NASDAQ:SIRI) has once again generated headlines in this regard today, announcing the company has already let go of around 3% of its workforce. News of these Sirius XM layoffs has sent SIRI stock modestly higher in today’s session, up a little more than 2% at the time of writing.These layoffs, which will impact roughly 160 individuals, encapsulate a wider-ranging initiative taken on by various tech compan ...

Satellite audio firm SiriusXM is trimming its global workforce by about 3% in an effort to become “more efficient, agile, and flexible,” CEO Jennifer Witz wrote in a memo to employees. The company last year unveiled a significant revamp of its app and made a number of talent deals in a push into podcasts. “We made significant progress on the transformation of our business in 2023, but we have just begun to scratch the surface of what is possible here at SiriusXM,” Witz wrote in the memo. “To continue on ou ...

After a glance at Berkshire Hathaway's public equities portfolio, you'll quickly realize that just a handful of businesses dominate. I'm talking about Apple, Bank of America, and American Express, which -- combined -- constitute an astounding 63.8% of its holdings.But there are also little-known positions like Sirius XM Holdings (SIRI -1.80%). This audio entertainment stock makes up a tiny portion of the overall portfolio and has fallen 15% in the last five years.Despite the Oracle of Omaha and his team's s ...

When it was reported in November that Warren Buffett's Berkshire Hathaway purchased shares of satellite radio company Sirius XM Holdings (SIRI -1.80%), the media company's stock popped more than 10%. The sudden jump in share price is understandable, considering that up to that point, the stock had been struggling, down around 16% for the year.Even with this pop, Sirius XM stock is down about 35% from its summer 2023 high, likely making some investors wonder if it is a buy now. Let's look at Sirius XM's pros ...

Sirius XM Holdings (SIRI) reported fourth-quarter 2023 earnings of 9 cents per share, which beat the Zacks Consensus Estimate by 28.57% and remained flat year over year.Total revenues on a reported basis gained 0.2% year over year to $2.28 billion but missed the consensus mark by 0.42%.Subscriber revenues (75.2% of total revenues) declined 0.3% from the year-ago quarter to $1.72 billion. The figure missed the Zacks Consensus Estimate by 0.64%.Meanwhile, advertisement revenues (20.9%) declined 0.2% year over ...

The rise in demand for music streaming comes with its drawbacks for broadcasting companies that are used to offering a more diversified suite of listening options, as SiriusXM noted, following the launch of its new streaming app.The radio company shared in its fourth-quarter and full-year 2023 earnings report Thursday (Feb. 1) that revenue declined slightly from the year before, with average revenue per user (ARPU) falling slightly.“The challenge to 2024 revenue comes from roughly level subscriber numbers a ...