trimmed its stake in health-care provider
Berkshire Hathaway (ticker:
) sold 2 million shares of DaVita (DVA) on Sept. 17 for $176 million, a per-share price of $88. According to a form Buffett’s firm filed with the Securities and Exchange Commission, its DaVita stake now stands at 36.1 million shares, a 31.7% stake. Berkshire Hathaway remains DaVita’s largest shareholder.
Berkshire Hathaway sold its DaVita shares in the latter’s recent self-tender, in which it paid $88 each for a total of 8 million shares. The tendered shares represented 6.5% of DaVita’s outstanding shares at the time.
Berkshire Hathaway didn’t respond to a request for comment on the stock sale.
DaVita shares have gained 11.8% year to date through Friday’s close. That performance tops