Berkshire Hathaway bought shares of Sirius XM Holdings Inc. between October 30 and November 3. The firm purchased 924,281 shares for approximately $26.9 million. The transactions were made at weighted average prices ranging from $28.8913 to $30.233 per share. Berkshire’s total beneficial ownership rose to more than 125.7 million shares.
After the increased stake was disclosed, Sirius XM (NASDAQ: SIRI) shares rallied. They reached a 52-week high of $32.68 on November 4. Sirius XM recently raised its full-year financial guidance.