AIA Group Ltd Grows Holdings in Sirius XM Holdings Inc. $SIRI

AIA Group Ltd grew its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 147.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,223 shares of the company’s stock after purchasing an additional 23,401 shares during the period. AIA Group Ltd’s holdings in Sirius XM were worth $913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SIRI. Berkshire Hathaway Inc boosted its holdings in shares of Sirius XM by 4.2% during the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after purchasing an additional 5,030,425 shares during the last quarter. Quantbot Technologies LP increased its stake in Sirius XM by 66.3% in the third quarter. Quantbot Technologies LP now owns 133,014 shares of the company’s stock valued at $3,096,000 after purchasing an additional 53,019 shares during the last quarter. Brighton Jones LLC acquired a new position in Sirius XM in the fourth quarter valued at $622,000. Hsbc Holdings PLC lifted its position in Sirius XM by 779.4% during the second quarter. Hsbc Holdings PLC now owns 115,237 shares of the company’s stock worth $2,639,000 after buying an additional 102,133 shares during the period. Finally, SG Americas Securities LLC lifted its position in Sirius XM by 292.5% during the third quarter. SG Americas Securities LLC now owns 113,728 shares of the company’s stock worth $2,647,000 after buying an additional 84,751 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Trading Down 1.8%

NASDAQ SIRI opened at $21.99 on Friday. The firm’s 50 day moving average price is $21.32 and its two-hundred day moving average price is $21.67. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.30 and a current ratio of 0.30. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $24.92.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.08 dividend on an annualized basis and a yield of 4.9%. Sirius XM’s payout ratio is currently 48.21%.

Analyst Upgrades and Downgrades

Several analysts have commented on SIRI shares. Barrington Research restated an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a report on Thursday, February 5th. Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. JPMorgan Chase & Co. raised shares of Sirius XM from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $24.00 in a research report on Tuesday, February 10th. Rosenblatt Securities upped their price target on shares of Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, 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. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.44.

Sirius XM Profile

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.