Sirius XM rises as Buffett's Berkshire ups stake to 34.6%

Sirius XM Holdings

20/12/2024 14:25

** Sirius XM's  SIRI.O  shares rise 1.8% to $21.95
premarket, as Warren Buffett's Berkshire Hathaway  BRKa.N 
boosted stake in the satellite-radio broadcaster 
    ** Berkshire bought about 5 mln shares worth $107 mln from
Tuesday to Thursday this week, according to SEC filing on
Thursday; it now owns 34.6% of the company
    ** Berkshire had bought ~2.2 mln shares worth ~$60.7 mln
last month
    ** Sirius XM began trading under a new structure in
September after announcing the completion of a split-off and
merger with Liberty Media
    ** Of 14 analysts covering SIRI, three rate it "strong buy"
or "buy", five "hold", and six "sell" or "strong sell"; median
PT is $28 - LSEG data

 (Reporting by Sanchayaita Roy in Bengaluru)
 ((Sanchayaita.roy@thomsonreuters.com))