|Bid||59.01 x 800|
|Ask||60.43 x 1800|
|Day's Range||59.74 - 60.89|
|52 Week Range||43.40 - 79.11|
|Beta (3Y Monthly)||2.07|
|PE Ratio (TTM)||73.85|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Legendary short-seller Jim Chanos of Kynikos Associates on Thursday announced his fund has taken a short position in kidney-dialysis company DaVita Inc. . Chanos, speaking at the CNBC Institutional Investor Delivering Alpha conference, pointed to a recent lawsuit by Blue Cross Blue Shield of Florida Inc. and Health Options Inc. that claims DaVita has engaged in an insurance fraud scheme in an insurance fraud scheme in which it has conspired with the charity the American Kidney Fund to encourage its patients to move from Medicaid and Medicare to private insurance exchanges, with subsidies from the American Kidney Fund, so that it is able to reap higher payments for its services. Chanos said that a whilstleblower from the American Kidney Fund has come forward to claim that DaVita, a major donor to the charity, had directed it to provide funds to its customers. The announcement comes after Chanos had previously criticized the kidney dialysis industry more broadly. DaVita shares fell 2.3% during Thursday trade, and neither the company nor the American Kidney Fund immediately responded a request for comment.
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DaVita HealthCare (DVA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
DaVita Inc. (NYSE: DVA) announced the preliminary results of its modified “Dutch auction” tender offer to repurchase up to $1.2 billion of its common stock. A "Dutch auction" is a public offering auction structure in which the price of the offering is set after taking in all bids, to determine the highest price at which the offering can be sold. DaVita then goes through those bids and starts purchasing stock back.