Aviva PLC Has $19.46 Million Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Aviva PLC increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Rating) by 1,140.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,194,782 shares of the company’s stock after buying an additional 1,098,460 shares during the period. Aviva PLC’s holdings in Sirius XM were worth $19,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of Sirius XM by 5.6% in the fourth quarter. Victory Capital Management Inc. now owns 10,457,380 shares of the company’s stock valued at $61,071,000 after buying an additional 556,279 shares in the last quarter. Rehmann Capital Advisory Group raised its position in Sirius XM by 18.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 20,965 shares of the company’s stock valued at $122,000 after purchasing an additional 3,265 shares in the last quarter. Advisor Group Holdings Inc. raised its position in Sirius XM by 18.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 277,956 shares of the company’s stock valued at $1,623,000 after purchasing an additional 43,100 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Sirius XM by 7.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,457,136 shares of the company’s stock valued at $8,510,000 after purchasing an additional 99,135 shares in the last quarter. Finally, MQS Management LLC raised its position in Sirius XM by 127.0% during the fourth quarter. MQS Management LLC now owns 138,013 shares of the company’s stock valued at $806,000 after purchasing an additional 77,219 shares in the last quarter. 10.10% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Down 1.1 %

Shares of Sirius XM stock opened at $3.49 on Friday. Sirius XM Holdings Inc. has a twelve month low of $3.32 and a twelve month high of $6.85. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 2.03 and a beta of 0.95. The company’s fifty day moving average is $3.75 and its 200 day moving average is $4.91.

Sirius XM (NASDAQ:SIRI – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Sirius XM had a net margin of 12.69% and a negative return on equity of 34.09%. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Sirius XM’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts anticipate that Sirius XM Holdings Inc. will post 0.3 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Friday, May 5th were paid a $0.0242 dividend. The ex-dividend date was Thursday, May 4th. This represents a $0.10 annualized dividend and a dividend yield of 2.77%. Sirius XM’s dividend payout ratio is 35.71%.

Analyst Ratings Changes

SIRI has been the subject of several research analyst reports. Pivotal Research lowered their price objective on shares of Sirius XM from $5.00 to $4.00 in a research report on Thursday, April 27th. Benchmark restated a “buy” rating and set a $7.00 price objective on shares of Sirius XM in a research report on Thursday, March 9th. Rosenblatt Securities downgraded shares of Sirius XM from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $7.40 to $4.80 in a research report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Sirius XM from $7.50 to $6.25 and set a “buy” rating for the company in a research report on Monday, February 6th. Finally, StockNews.com assumed coverage on shares of Sirius XM in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.06.

Sirius XM Profile

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Sirius XM Holdings, Inc engages in the provision of audio entertainment. It operates through Sirius XM and Pandora and Off-Platform segments. The company was founded on May 17, 1990, and is headquartered in New York, NY.