Davita Inc: Warren Buffett’s Berkshire Hathaway Inc Opened Position

August 11, 2017 - By Linda Rogers

 Davita Inc: Warren Buffett's Berkshire Hathaway Inc Opened Position

Investors sentiment decreased to 0.73 in Q4 2016. Its down 0.43, from 1.16 in 2016Q3. It is negative, as 60 investors sold Davita Inc shares while 184 reduced holdings. 56 funds opened positions while 121 raised stakes. 162.52 million shares or 1.57% less from 165.10 million shares in 2016Q3 were reported.

Texas-based Motco has invested 0% in Davita Inc (NYSE:DVA). Ahl Prns Llp invested in 0.07% or 34,724 shares. Verition Fund Mngmt Limited Liability Company reported 6,099 shares. Huntington National Bank accumulated 356 shares or 0% of the stock. Putnam Invs Ltd Llc has invested 0.02% in Davita Inc (NYSE:DVA). Jensen Investment Management, a Oregon-based fund reported 6,830 shares. Gates Mgmt Incorporated invested 4.32% of its portfolio in Davita Inc (NYSE:DVA). Apg Asset Mngmt Nv stated it has 1.06 million shares. Arizona State Retirement Sys holds 39,086 shares. Moreover, Earnest Ptnrs Ltd Com has 0% invested in Davita Inc (NYSE:DVA) for 83 shares. Frontier Mgmt Co Ltd Limited Liability Company has 0% invested in Davita Inc (NYSE:DVA). Tarbox Grp has 60 shares. Perceptive Advsr Limited Liability, New York-based fund reported 3 shares. Northern Tru reported 2.21 million shares or 0.04% of all its holdings. Twin Capital Management Inc holds 0.04% or 9,604 shares in its portfolio.

Since February 23, 2017, it had 0 insider buys, and 7 insider sales for $1.03 million activity. On Monday, May 15 Rodriguez Javier sold $85,670 worth of Davita Inc (NYSE:DVA) or 1,294 shares. Another trade for 900 shares valued at $59,445 was made by HILGER JAMES K on Monday, May 15. The insider JIGANTI JEANINE MARIE sold $123,665. The insider BERG CHARLES sold 8,414 shares worth $553,607.

The New Warren Buffett’s Berkshire Hathaway Inc Holding in Davita Inc

Berkshire Hathaway Inc reported SC 13D form with the SEC for Davita Inc. Access it here: 000119312517255919. As reported by Warren Buffett’s Berkshire Hathaway Inc, the filler owns 20.2% or 38,565,570 shares of the Health Care–company.

Davita Inc stake is new for [reportingPerson]. Date of activity: August1, 2017. This shows Warren Buffett’s Berkshire Hathaway Inc’s positive view for Davita Inc.

The hedge fund is investor in the Health Care sector. In the manager’s last 13-F, we saw 12% of Warren Buffett’s Berkshire Hathaway Inc’s portfolio is in the sector.

Reasons Why Warren Buffett’s Berkshire Hathaway Inc Bought – Davita Inc Stock

Item4. Purpose of Transaction

The Berkshire Reporting Persons acquired the Shares for investment purposes. One or more entities within the Berkshire group of companies,including one or more of the reporting persons filing this Schedule, may determine to purchase additional shares of Common Stock or other securities of DVA in the open market or otherwise, depending upon price, market conditions, availability offunds, evaluation of alternative investments and other factors, subject to the terms of the Standstill Agreement, as described in Item6 below. While none of the persons with beneficial ownership over the Insurance Company Shares orPension Plan Shares filing this Schedule has any present plans to sell any such Shares, one or more of them could determine, based upon the same set of factors listed above with respect to purchases, to sell some or all of the Shares.

The Weschler Shares were acquired by their holders for investment purposes. Mr.Weschler, who has sole or shared dispositive power overall of the Weschler Shares, may determine to purchase additional shares of Common Stock or other securities of DVA in the open market or otherwise, depending upon price, market conditions, availability of funds, evaluation of alternative investmentsand other factors; provided, that, pursuant to the Letter Agreement, for so long as Berkshire has holdings in securities of DVA, Mr.Weschler is not permitted to purchase, on behalf of himself or on behalf of any member of hisimmediate family and related entitles (including trusts of which he is trustee), or pursuant to a power of attorney or other trading authorization, additional shares of Common Stock or other DVA securities, without Mr.Buffett’s priorconsent. While Mr.Weschler does not have any present plans to sell any of the Weschler Shares, he could determine, based upon the same set of factors listed above with respect to purchases, to sell some or all of the Weschler Shares;provided, that, pursuant to the Letter Agreement, for so long as Berkshire has holdings in securities of DVA, Mr.Weschler is not permitted to sell, on behalf of himself or on behalf of any member of his immediate family andrelated entitles (including trusts of which he is trustee), or pursuant to a power of attorney or other trading authorization, any of the Common Stock owned as of the date of such letter, without Mr.Buffett’s prior consent.

The foregoing references to and description of the Standstill Agreement and Letter Agreement do not purport to be complete and are subject,and are qualified in their entirety by reference, to the full text of the Standstill Agreement and Letter Agreement, which is incorporated by reference in this Item4.

Davita Inc Institutional Sentiment

Filings show 443 investors own Davita Inc. The ownership in Q3 2015 is very high, at 98.42 % of the outstanding shares. This is increased by 12472538. 188183625 were owned by these investors. 31 funds opened new Davita Inc stakes, 165 increased positions. There were 53 that closed positions and 159 reduced them.

21 investors had the stock in their top 10. Some are: Cognios Capital Llc, Timessquare Capital Management Llc, Speece Thorson Capital Group Inc, Signpost Capital Advisors Lp, Summit Partners L P, Consulta Ltd, Park West Asset Management Llc, Hikari Power Ltd, Nicholas Co Inc Wi, Gates Capital Management Inc…

Geneva Advisors Llc is an investor bullish on Davita Inc, owning 5035 shares as of Q3 2015 for 0.01% of its portfolio. Foster Dykema Cabot & Co Inc owns 104386 shares or 1.93% of its portfolio. MI Clarkston Capital Partners Llc have 0.05% of its portfolio for 6954 shares. Further, Dock Street Asset Management Inc reported stake worth 2.58% of its portfolio. The MI Bluestein R H & Company owns 5000 shares. Davita Inc is 0.03% of its portfolio.

Business Profile

DaVita Inc., formerly DaVita HealthCare Partners Inc., operates two divisions: DaVita Kidney Care (Kidney Care) and DaVita Medical Group (DMG). The Kidney Care division consists of its the United States dialysis and related lab services, its ancillary services and strategic initiatives, including its international operations, and its corporate administrative support. Its DMG division is a patient- and physician-focused integrated healthcare delivery and management company that provides medical services to members through capitation contracts. Its segments include U.S. dialysis and related lab services, DMG, and Other-Ancillary services and strategic initiatives. Its U.S. dialysis and related lab services line of business provide kidney dialysis services in the United States for patients suffering from chronic kidney failure, also known as end stage renal disease (ESRD). As of December 31, 2016, it had operated or provided administrative services to 154 outpatient dialysis centers.

SEC Form 13D.

About 1.15M shares traded. Davita Inc (NYSE:DVA) has declined 16.51% since August 11, 2016 and is downtrending. It has underperformed by 33.21% the S&P500.

DaVita Inc., formerly DaVita HealthCare Partners Inc., operates two divisions: DaVita Kidney Care and DaVita Medical Group (DMG). The company has market cap of $10.81 billion. The Kidney Care division consists of its the United States dialysis and related lab services, its ancillary services and strategic initiatives, including its international operations, and its corporate administrative support. It has a 8.69 P/E ratio. The Company’s DMG division is a patient- and physician-focused integrated healthcare delivery and management firm that provides medical services to members through capitation contracts.

Davita Inc (NYSE:DVA) Ratings Coverage

Among 9 analysts covering DaVita (NYSE:DVA), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. DaVita has $83 highest and $6200 lowest target. $68.17’s average target is 19.55% above currents $57.02 stock price. DaVita had 18 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained Davita Inc (NYSE:DVA) rating on Thursday, May 25. RBC Capital Markets has “Hold” rating and $6200 target. RBC Capital Markets maintained it with “Sector Perform” rating and $80 target in Wednesday, November 4 report. The company was maintained on Wednesday, March 2 by Bernstein. RBC Capital Markets maintained it with “Hold” rating and $6200 target in Monday, July 31 report. On Tuesday, August 9 the stock rating was maintained by JP Morgan with “Neutral”. On Tuesday, February 16 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Hold” rating on Monday, June 26 by RBC Capital Markets. As per Monday, June 26, the company rating was downgraded by Jefferies. The stock of Davita Inc (NYSE:DVA) has “Outperform” rating given on Tuesday, September 20 by Raymond James. As per Tuesday, December 13, the company rating was downgraded by Robert W. Baird.

More recent Davita Inc (NYSE:DVA) news were published by: Prnewswire.com which released: “DaVita Inc. 2nd Quarter 2017 Results” on August 01, 2017. Also Prnewswire.com published the news titled: “DaVita Medical Group Acquires Respected Physician Practices in the Orlando Area” on July 13, 2017. Investorplace.com‘s news article titled: “Why Davita Inc (DVA), Cardinal Health Inc (CAH) and Pioneer Natural Resources …” with publication date: August 02, 2017 was also an interesting one.

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