Millennium Management LLC raised its position in Davita Inc (NYSE:DVA) by 239.9% during the 4th quarter, HoldingsChannel reports. The fund owned 2,024,308 shares of the company’s stock after buying an additional 1,428,810 shares during the quarter. Millennium Management LLC’s holdings in Davita were worth $146,256,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. OppenheimerFunds Inc. increased its position in shares of Davita by 5,292.6% during the 4th quarter. OppenheimerFunds Inc. now owns 1,873,918 shares of the company’s stock worth $135,391,000 after purchasing an additional 1,839,168 shares during the last quarter. Bridger Management LLC acquired a new position in shares of Davita during the 4th quarter worth approximately $52,339,000. International Value Advisers LLC acquired a new position in shares of Davita during the 4th quarter worth approximately $45,175,000. Schroder Investment Management Group increased its position in shares of Davita by 769.0% during the 3rd quarter. Schroder Investment Management Group now owns 434,191 shares of the company’s stock worth $25,387,000 after purchasing an additional 384,224 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC acquired a new position in shares of Davita during the 4th quarter worth approximately $20,657,000. Hedge funds and other institutional investors own 85.83% of the company’s stock.
Davita Inc (DVA) opened at $70.03 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 2.82 and a current ratio of 2.88. The firm has a market capitalization of $12,774.58, a P/E ratio of 20.36, a P/E/G ratio of 1.35 and a beta of 1.03. Davita Inc has a 1-year low of $52.51 and a 1-year high of $80.71.
Davita (NYSE:DVA) last posted its earnings results on Tuesday, February 13th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.02). The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.90 billion. Davita had a return on equity of 12.86% and a net margin of 4.65%. During the same period in the previous year, the firm posted $0.98 earnings per share. analysts anticipate that Davita Inc will post 4.15 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and set a $95.00 price target (up previously from $82.00) on shares of Davita in a research report on Friday, January 12th. Bank of America reaffirmed a “buy” rating and set a $92.00 price target (up previously from $85.00) on shares of Davita in a research report on Thursday, January 11th. TheStreet raised Davita from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. SunTrust Banks reaffirmed a “hold” rating and set a $80.00 price target on shares of Davita in a research report on Wednesday, February 14th. Finally, Zacks Investment Research lowered Davita from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Davita has a consensus rating of “Hold” and a consensus target price of $79.30.
In related news, insider James K. Hilger sold 3,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $78.95, for a total transaction of $282,009.40. Following the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at approximately $2,656,588.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by insiders.
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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.
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