Davita Inc (DVA) Position Lowered by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board cut its position in shares of Davita Inc (NYSE:DVA) by 25.0% in the third quarter, HoldingsChannel.com reports. The firm owned 247,314 shares of the company’s stock after selling 82,444 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Davita were worth $17,715,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DVA. United Asset Strategies Inc. boosted its position in Davita by 13.0% in the 2nd quarter. United Asset Strategies Inc. now owns 6,405 shares of the company’s stock valued at $445,000 after buying an additional 735 shares during the period. Commonwealth Equity Services LLC boosted its position in Davita by 10.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,168 shares of the company’s stock valued at $585,000 after buying an additional 757 shares during the period. Janney Montgomery Scott LLC boosted its position in Davita by 4.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 19,009 shares of the company’s stock valued at $1,320,000 after buying an additional 811 shares during the period. Northstar Group Inc. boosted its position in Davita by 7.8% in the 3rd quarter. Northstar Group Inc. now owns 11,684 shares of the company’s stock valued at $837,000 after buying an additional 850 shares during the period. Finally, Vident Investment Advisory LLC boosted its position in Davita by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 57,294 shares of the company’s stock valued at $3,979,000 after buying an additional 872 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Davita from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Raymond James raised shares of Davita from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Wednesday. They noted that the move was a valuation call. ValuEngine cut shares of Davita from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. JPMorgan Chase & Co. raised shares of Davita from an “underweight” rating to a “neutral” rating in a research report on Thursday, September 13th. Finally, TheStreet cut shares of Davita from a “b-” rating to a “c+” rating in a research report on Thursday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $80.89.

Shares of DVA opened at $66.06 on Friday. Davita Inc has a fifty-two week low of $58.44 and a fifty-two week high of $80.71. The company has a market capitalization of $10.97 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 0.88 and a beta of 1.09. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.84 and a quick ratio of 1.82.

Davita (NYSE:DVA) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.33). Davita had a return on equity of 13.87% and a net margin of 5.39%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the company posted $0.81 EPS. Davita’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts expect that Davita Inc will post 3.56 EPS for the current year.

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Davita Company Profile

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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Institutional Ownership by Quarter for Davita (NYSE:DVA)

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