Pacer Advisors Inc. trimmed its position in Davita Inc (NYSE:DVA) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,608 shares of the company’s stock after selling 379 shares during the period. Pacer Advisors Inc.’s holdings in Davita were worth $948,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group boosted its holdings in Davita by 467.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 556 shares of the company’s stock valued at $30,000 after purchasing an additional 458 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Davita by 63.5% in the 1st quarter. Clearbridge Investments LLC now owns 798 shares of the company’s stock valued at $43,000 after purchasing an additional 310 shares during the last quarter. North Star Investment Management Corp. acquired a new position in Davita in the 3rd quarter valued at about $46,000. Employers Holdings Inc. acquired a new position in Davita in the 2nd quarter valued at about $56,000. Finally, Neo Ivy Capital Management acquired a new position in Davita in the 2nd quarter valued at about $61,000. Institutional investors own 90.91% of the company’s stock.
Several research firms have weighed in on DVA. ValuEngine upgraded shares of Davita from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. William Blair lowered shares of Davita from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 11th. UBS Group decreased their target price on shares of Davita from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Robert W. Baird downgraded shares of Davita from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $65.00 in a research note on Friday, July 26th. Finally, TheStreet raised shares of Davita from a “c+” rating to a “b-” rating in a research note on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.35.
Davita stock opened at $58.69 on Friday. The company’s 50 day simple moving average is $58.03 and its 200-day simple moving average is $55.06. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 0.57 and a beta of 1.60. Davita Inc has a 1 year low of $43.40 and a 1 year high of $79.11. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.10 and a current ratio of 1.12.
Davita (NYSE:DVA) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.12. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.86 billion. Davita had a net margin of 1.21% and a return on equity of 14.67%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. Equities analysts expect that Davita Inc will post 4.78 earnings per share for the current year.
DaVita Inc provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal disease (ESRD). The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers. It also provides outpatient, hospital inpatient, and home-based hemodialysis services; owns clinical laboratories that provide routine laboratory tests for dialysis and other physician-prescribed laboratory tests for ESRD patients; and management and administrative services to outpatient dialysis centers.
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