DaVita Inc. (NYSE:DVA) Stock Position Reduced by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its stake in DaVita Inc. (NYSE:DVA) by 18.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,742 shares of the company’s stock after selling 6,235 shares during the quarter. State of Tennessee Department of Treasury’s holdings in DaVita were worth $3,999,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of DaVita during the fourth quarter worth $41,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of DaVita during the 4th quarter valued at about $55,000. Venturi Wealth Management LLC increased its holdings in DaVita by 59.8% in the fourth quarter. Venturi Wealth Management LLC now owns 406 shares of the company’s stock worth $61,000 after buying an additional 152 shares during the last quarter. Versant Capital Management Inc raised its position in DaVita by 58.7% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the company’s stock valued at $68,000 after acquiring an additional 169 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in DaVita by 39.7% in the fourth quarter. Blue Trust Inc. now owns 461 shares of the company’s stock valued at $76,000 after acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 90.12% of the company’s stock.

DaVita Price Performance

Shares of NYSE:DVA opened at $139.57 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.26 and a debt-to-equity ratio of 23.18. The business has a 50 day moving average price of $146.50 and a 200 day moving average price of $155.30. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.07 and a beta of 1.04. DaVita Inc. has a twelve month low of $130.96 and a twelve month high of $179.60.

DaVita (NYSE:DVA) last announced its earnings results on Thursday, February 13th. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.10. DaVita had a net margin of 7.31% and a return on equity of 115.48%. Research analysts predict that DaVita Inc. will post 10.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Cowen restated a “hold” rating on shares of DaVita in a report on Tuesday, February 18th. StockNews.com upgraded DaVita from a “hold” rating to a “buy” rating in a research note on Friday. Barclays raised their price objective on DaVita from $164.00 to $169.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. Finally, Sanford C. Bernstein set a $184.00 target price on DaVita in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $166.33.

DaVita Profile

DaVita Inc provides kidney dialysis services for patients suffering from chronic kidney failure in the United States. The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers. It also offers outpatient, hospital inpatient, and home-based hemodialysis services; operates 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.