Buffett’s Berkshire Hathaway Buys More DaVita Stock After Dip

HFA Padded
Mani
Published on
Updated on

Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) bought over half a million more shares of DaVita HealthCare Partners Inc (NYSE:DVA), after the dialysis provider’s price fell due to fears surrounding reduced Medicare payments. With the latest purchase, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s stake in DaVita has been enhanced to 15.6 million shares. The Warren Buffett firm now owns close to 15 percent of DaVita HealthCare Partners Inc (NYSE:DVA). Earlier, Warren Buffett’s Berkshire Hathaway and DaVita agreed not to acquire more than 25 percent of the company. Berkshire also agreed not to push for board seats or seek to buy the company…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports