Trimmed its investment in Class A shares
A video, broadband and communications company.
Berkshire Hathaway (ticker:
) 1.3 million Class A Liberty Global (LBTYA) sold for $ 29 million on September 4, with an average price of $ 22.31 per share. According to a form Buffett’s firm filed with the Securities and Exchange Commission, Berkshire Hathaway now holds 18 million Class A shares of Liberty Global, whose brands include Virgin Media and Telnet.
As of June 30, Buffett’s firm owns 7.3 million owners of Class C shares of Liberty Global, which trade under the ticker LBTYK and are nonvoting. Class A shares carry one vote each.
Class A shares outperformed in 2020, while Class A shares declined by 5.1% to a 2.6% loss year.
S&P 500 Index,
In comparison, to date it has gained 3.4% year.
Both stocks have been weakening the broader market index in recent years. Liberty Global Class A shares gained 17.2% in 2017, while Class C shares gained 13.9% and the S&P 500 gained 19.4%. In 2018, Class A shares declined 40%, Class C shares 39%, while the index slipped 6.2%. Last year, Class A shares rose 6.6%, Class C shares rose 5.6% and the S&P 500 rose 28.9%.
Inside Scoop features a regular baronet that covers stock transactions by corporate executives and board members – so-called insiders as well as large shareholders, politicians and other key figures. Due to their internal position, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.