Sirius XM Holdings Inc. (NASDAQ:SIRI) Goldman Sachs Communacopia + Technology Conference September 11, 2024 5:25 AM ET Company Participants Jennifer Witz - CEO Conference Call Participants Stephen Laszczyk - Goldman Sachs Stephen Laszczyk All right. Great. Let's get started with our next session. Thank you, everyone, for taking the time to join us today. My name is Stephen Laszczyk, and I'm the lead entertainment analyst here at Goldman Sachs. We're excited to welcome to the Communicopia and Technology Conf ...

Sirius XM Holdings Inc. (NASDAQ:SIRI) Goldman Sachs Communacopia + Technology Conference September 11, 2024 5:25 AM ET Company Participants Jennifer Witz - CEO Conference Call Participants Stephen Laszczyk - Goldman Sachs Stephen Laszczyk All right. Great. Let's get started with our next session. Thank you, everyone, for taking the time to join us today. My name is Stephen Laszczyk, and I'm the lead entertainment analyst here at Goldman Sachs. We're excited to welcome to the Communicopia and Technology Conf ...

Sell on the news. Buy on the after-party.The biggest thing holding back one of this year's worst large-cap performers is now fading in the rearview mirror. Sirius XM Holdings (SIRI) has now completed its combination with media mogul John Malone's controlling stake in the satellite radio platform. The Liberty Sirius XM Group tracking shares that were a distraction and historically traded at a wide discount to the common shares were officially absorbed into the main company after Monday's market close.There w ...

If the satellite radio company can't generate as much cash as it promised, is its stock still a buy?Sirius XM Holdings (SIRI) stock had tumbled by 7.2% as of 10:15 a.m. ET Tuesday after the company updated investors on its financial projections.On Tuesday morning, management announced that Sirius had completed its merger with Liberty Media's Sirius XM tracking stock in a much-anticipated reverse stock split. It boasted that its new and improved "simplified capital structure" gives it a "clear path forward." ...

With Simplified Capital Structure and a Clear Path Forward, North America's Leading Audio Entertainment Company is Well-Positioned to Continue its TransformationSiriusXM Updates Free Cash Flow Guidance to Reflect the Impact of the Closing of the Liberty Media TransactionCompany Confirms Quarterly Dividend and Announces $1.166 Billion Stock Repurchase AuthorizationNEW YORK, Sept. 10, 2024 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ: SIRI) today kicked off a new chapter as an independent public company wi ...

A total of 13 prominent businesses have announced or completed a stock split in 2024 -- but this is the only one conducting a reverse split.Since 2024 began, hype surrounding the artificial intelligence (AI) revolution has played a major role in lifting Wall Street's three major stock indexes to multiple record-closing highs. But AI isn't the only trend pushing the broader market higher. The euphoria surrounding stock splits has played an equally important role.A stock split allows publicly traded companies ...

The stock is down 63% from all-time highs.A curious stock purchase landed on the Berkshire Hathaway 13-F this quarter: Sirius XM (SIRI -6.19%). The team at Berkshire, led by Warren Buffett, increased its position by 262% in the quarter after the stock began to fall precipitously, with shares down around 50% year to date. Seeing as this was just a small position in the Berkshire portfolio, it is possible that Todd Combs or Ted Weschler, Buffett's lieutenants, bought the stock for Berkshire Hathaway.Either wa ...

Warren Buffett just pounced on a beaten-down streaming stock.Last week, I took some time to study Berkshire Hathaway's quarterly 13F filing, a regulatory report that shows what stocks institutional investors are buying and selling. In the case of Berkshire, I was curious to see what its leader, Warren Buffett, had been up to during the past few months.During the second quarter, some of Buffett's more headline-grabbing moves included trimming his position in Apple by nearly half as well as completely exiting ...

One of Warren Buffett’s favorite stocks, Liberty Media Corporation (NASDAQ: LSXMA, LLVYK), recently announced a merger with Sirius XM Holdings (NASDAQ: SIRI) on August 23. Starting September 10, the company will trade under New Sirius and ticker SIRI on the Nasdaq.It seems that the Berkshire Hathaway (NYSE: BRK.A) CEO was privy to the move, as his most recent 13F holdings report, dated August 14, shows a sizable increase in all his positions that will be affected by the merger. SIRI stock price chartSIRI sh ...

Warren Buffett just made a big investment in the satellite radio leader.SiriusXM (SIRI -3.98%) isn't without risk. Subscriber numbers have been moving in the wrong direction, and there are some legitimate concerns. But as longtime Fool.com contributors Rick Munarriz and Matt Frankel discuss in this video, it could be worth a closer look.*Stock prices used were the morning prices of Aug. 20, 2024. The video was published on Aug. 21, 2024. ...