Warren Buffett’s Berkshire Hathaway Increases SiriusXM Stake, Now Holds Nearly A Third Of The Satellite Radio Company
Warren Buffett’s Berkshire Hathaway increased its stake in SiriusXM, now holding 32% of the satellite radio company. Berkshire bought over 3 million shares for over $80 million, according to an SEC filing. The move follows Liberty Media’s September merger, which reshaped its media empire and spun off the Atlanta Braves. JPMorgan analysts reopened SiriusXM with an underweight rating, warning of demographic challenges, and a pause in stock buybacks until 2027. SiriusXM’s stock surged 8% after Berkshire’s disclosure despite long-term growth concerns and a 50% year-to-date decline.
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00:00It's Benzinga, and here's what's on the block.
00:02Warren Buffett's Berkshire Hathaway increased its stake in SiriusXM, now holding 32% of
00:08the satellite radio company.
00:10Berkshire bought over 3 million shares for over $80 million, according to an SEC filing.
00:15The move follows Liberty Media's September merger, which reshaped its media empire and
00:20spun off the Atlanta Braves.
00:21JPMorgan analysts reopened SiriusXM with an underweight rating, warning of demographic
00:27challenges and a pause in stock buybacks until 2027.
00:31SiriusXM's stock surged 8% after Berkshire's disclosure, despite long-term growth concerns
00:36and a 50% year-to-date decline.
00:38For all things money, visit Benzinga.com.