Sirius XM shares rise as Buffett's Berkshire ups stake to 33%
** Shares of Sirius XM SIRI.O rise 2.5% premarket to $27.32 as Warren Buffett's Berkshire Hathaway BRKa.N continues boosting stake in satellite-radio broadcaster
** Berkshire purchased bought ~2.2 mln shares worth ~$60.7 mln from Tues-Thurs this week, according to SEC filing late Thurs
** The conglomerate now owns 33.2% of the 339.1 mln SIRI shares outstanding
** Sirius XM began trading as an independent public in Sept after completing split-off and merger with billionaire John Malone's Liberty Media
** On Thurs, SIRI shares closed down 2.7% after co reduced full-yr rev forecast on expectations of slower growth in paying users
** Through Thurs, shares have lost 51% YTD, including ~13% gain in Oct
** 14 analysts cover SIRI and recommendation breakdown is 5 "strong buy" or "buy", 3 "hold", and 6 "sell" or "strong sell"; median PT is $28 - LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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