Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Berkshire Hathaway reduced stake in Liberty Global A

Published 09/09/2020, 05:21 PM
Updated 09/09/2020, 05:30 PM
© Reuters.  Berkshire Hathaway reduced stake in Liberty Global A

On the 4th of September, Berkshire Hathaway (NYSE:BRKa) sold 1.3 million Liberty Global A (NASDAQ:LBTYA) shares for $29 million at an average price of $22.30 per share. Shares of Liberty Global A are down -2.53% since the transaction.

Berkshire Hathaway's holding in Liberty Global A decreased to about 18 million shares with the transaction.

Berkshire Hathaway first bought Liberty Global A stock in the fourth quarter of 2013. Berkshire Hathaway also owns The Liberty SiriusXM Group (LSXMK), Liberty Media Corporation Series A Liberty SiriusXM Common Stock (LSXMA), Liberty Global C (NASDAQ:LBTYK) and Sirius XM Holdings Inc (NASDAQ:SIRI). Liberty Global A is its number three position by number of shares and market value among broadcasting stocks.

Other investors who also reduced their Liberty Global A shares include Dodge & Cox, Harris Associates, and the T. Rowe Price Equity Income Fund. Contrary to Berkshire Hathaway, California State Teachers Retirement System, Eaton Vance (NYSE:EV) Management, and PGGM Investments added to LBTYA shares, while USS Investment Management and AustralianSuper Pty established new holdings in Liberty Global A.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.