BUZZ-DaVita down after Q4 results; Berkshire Hathaway cuts stake
ReutersFeb 14, 2025 9:59 AM
Updates
Shares of DaVita DVA.N fall 10.8% to $158 in premarket trade
*Stock set to open at one-month low, if losses hold
Warren Buffett's Berkshire Hathaway BRKa.N sells 203,091 shares of the kidney dialysis services provider to bring its holdings down to about 35.89 million shares, a 45% stake worth nearly $6.4 billion
Berkshire said sale was required pursuant to a share repurchase deal, under which DVA agreed on a quarterly basis to buy back enough shares to cut Berkshire's stake to 45%
Berkshire has owned DVA shares since Q4 of 2011
*DVA also forecast 2025 profit below estimates; however, reported Q4 results that beat estimates
DVA gained 42.7% in 2024, and is up 18.4% YTD
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