5 High Growth Value Stocks to Buy According to Seth Klarman

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1. The Liberty SiriusXM Group (NASDAQ:LSXMA)

Number of Hedge Fund Holders: 43

Baupost Group’s Stake Value: $534,166,000

3-year Revenue Growth: 11.5% 

The Liberty SiriusXM Group (NASDAQ:LSXMA) is a Colorado-based company engaged in the entertainment business in the United States and Canada. In the fourth quarter of 2022, Seth Klarman’s Baupost Group owned 13.65 million shares of The Liberty SiriusXM Group (NASDAQ:LSXMA), worth $534 million and representing 8.71% of the total 13F securities. 

Citi analyst Jason Bazinet increased the firm’s price target for The Liberty SiriusXM Group (NASDAQ:LSXMA) from $60 to $62 and maintained a Buy rating on the shares. He also stated that Liberty SiriusXM is still his preferred stock among the companies he covers.

According to Insider Monkey’s data, 43 hedge funds were bullish on The Liberty SiriusXM Group (NASDAQ:LSXMA) at the end of Q3 2022, compared to 44 funds in the prior quarter. Warren Buffett’s Berkshire Hathaway is the largest stakeholder of the company, with 43.20 million shares worth $1.6 billion. 

Here is what Weitz Investment Management, Inc. has to say about The Liberty SiriusXM Group (NASDAQ:LSXMA) in its Q4 2021 investor letter:

“Another Liberty company, Liberty SiriusXM, owns over 80% of SiriusXM Satellite Radio. We believe that SiriusXM is undervalued and that the Liberty SiriusXM structure allows us to own the company at a discount. Both Charter Communications and SiriusXM are growing nicely, generating prodigious amounts of free cash flow and buying back lots of their own stock. John Malone controls both of these Liberty securities, and we believe he will find ways to close the discounts and extract maximum value for shareholders. Both Liberty securities were stock market duds in 2021, but we expect them to be contributors in 2022 regardless of what the general market does.”

Follow Liberty Media Corp (NASDAQ:FWONK)

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