Movement Alert|Sirius XM Holdings Rises 5.36% in After-Hours Trading, Berkshire Hathaway Increases Stake by Approximately 12%

Market Focus06-09

On June 9, Sirius XM Holdings rose 5.36% in after-hours trading, trading at $28.85/share, with trading volume of $2.8215 million.

On the news front, the latest disclosure of Berkshire Hathaway's portfolio revealed that the firm increased its Sirius XM Holdings position by approximately 12% during the most recent quarter, with the stock trading between $20.37 and $28.44 during that period. The SIRI stake originated from the Liberty Media Group restructuring transaction, through which Liberty SiriusXM merged with Sirius XM to form a new entity. Since the initial position was established, Berkshire has progressively added to its holdings, with increases of approximately 315% in Q4 2023 and 260% in Q2 2024. Liberty Media remains the dominant shareholder with approximately 83.35% ownership. Sirius XM currently trades at roughly 10.75x trailing earnings with a dividend yield of approximately 4.00%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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