现在，伯克希尔哈撒韦A(BRK.A.N)持有Sirius XM的1.087亿股，拥有32%的股份。根据上周五向美国证券交易委员会提交的4号文件显示，伯克希尔是在上周三到周五期间以接近每股24.50美元的平均价格进行的此次购买。Berkshire recently increased its shareholding in sirius xm, with a stake of 32%. Despite facing challenges of subscriber losses and high debt, Buffett's "golden touch" once again turned to it.
Warren Buffett's comprehensive enterprise currently holds 0.1087 billion shares of Sirius XM (SIRI.O), a satellite broadcasting company, accounting for approximately 32% of the shares, as indicated in related documents.
Berkshire Hathaway recently increased its stake in Sirius XM Holdings, buying about 3.6 million shares for approximately $87 million last weekend.
Currently, Berkshire Hathaway's Class A (BRK.A.N) holds 0.1087 billion shares of Sirius XM, owning 32% of the shares. According to the Form 4 filed with the U.S. Securities and Exchange Commission last Friday, Berkshire made this purchase at an average price of nearly $24.50 per share between last Wednesday and Friday.
This year, Berkshire significantly increased its holdings, primarily by purchasing Liberty Sirius XM, a stock tracking Sirius XM, which merged with a satellite broadcasting operator in early September.
On Friday, Sirius XM's stock rose by 2.6% to $24.93, but it has declined by about 55% year-to-date. Investors are concerned about the platform's slight losses in self-paying users, steady revenue, aging user base, and the company's high debt of up to $10 billion.
The service is primarily used in autos, but the company is seeking to expand its platform. As of the end of June, Sirius XM had 31.5 million self-paying users.
It is believed that Berkshire's stake in Sirius XM is managed by Ted Weschler, one of the two investment managers who oversee Berkshire's portfolio of over $300 billion in stocks together with CEO Buffett.
Sirius XM's current trading price is cheap, about eight times the expected earnings per share of $3.10 in 2025, and has a dividend yield of over 4%. Barron's recent evaluation of the company is relatively positive, stating that it is undervalued, but some Wall Street analysts hold a negative view of the stock.
JPMorgan analyst Sebastiano Petti resumed coverage of the company last week with an 'underweight' rating and a target price of $20. Petti wrote in a client note, 'Lower EBITDA growth prospects, higher capital expenditures, and a pause in share buybacks will continue to impact SIRI sentiment.'
The company's expected EBITDA is expected to be flat compared to 2023. Petti stated that due to the company's focus on debt reduction, share buybacks may not resume until 2027.
Sirius XM Chairman Greg Maffei said Buffett loves this platform and listens to the Siriusly Sinatra channel while driving his Cadillac, which plays classic American songs.
