Liberty Sirius: A Buffett Bet
06/13/2017 2:56 am EST
Vickers Stock Research, Argus’ sister company, calculates proprietary Sell/Buy Ratios using data from recent Form-4 filings (through which insiders register purchases and sales of their stock with the SEC), notes Stephen Biggar of Argus Research, a leading independent investment research firm.
Berkshire, through a number of subsidiaries and pension plans, currently owns a total of 14,482,703 LSXMA shares.
Berkshire filed its Form-3 on April 19, reporting the holding of 10,683,800 Series A shares and 23,357,109 Series C shares. The shares were trading at $38.45 on that day and have since risen to $41.78, a gain of nearly 9%.
Liberty Sirius is a $13.97 billion market-cap Cable & Satellite company, trading around $41.40 per share within a 52-week range of $29.26-$42.17.
The company is expected to post a profit in 2017 and 2018, and EPS estimates for 2018 are rising. Revenue is expected to rise in 2018 to $5.65 billion. Cash on the balance sheet is $330M, while debt is 18.9X cash at $6.24B.
The LSXMA shares sport a P/E of 30.3. They are also trading at a price to book ratio of 1.4, a price to sales ratio of 2.7 and a price to cash flow ratio of 8.5.
There are currently eight analysts covering the company and all have a BUY, Outperform or Overweight rating; the consensus target price for Liberty Sirius XM Group is $46 a share.