California State Teachers Retirement System raised its stake in shares of Davita Inc (NYSE:DVA) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274,715 shares of the company’s stock after buying an additional 3,711 shares during the period. California State Teachers Retirement System owned about 0.15% of Davita worth $19,848,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. OppenheimerFunds Inc. raised its holdings 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 valued at $135,391,000 after purchasing an additional 1,839,168 shares in the last quarter. International Value Advisers LLC bought a new position in shares of Davita during the 4th quarter valued at $45,175,000. Schroder Investment Management Group raised its holdings 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 valued at $25,387,000 after purchasing an additional 384,224 shares in the last quarter. Locust Wood Capital Advisers LLC bought a new position in shares of Davita during the 4th quarter valued at $20,657,000. Finally, Deutsche Bank AG raised its holdings in shares of Davita by 116.8% during the 4th quarter. Deutsche Bank AG now owns 406,542 shares of the company’s stock valued at $29,369,000 after purchasing an additional 219,055 shares in the last quarter. 85.79% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on the stock. SunTrust Banks restated a “hold” rating and set a $80.00 price target on shares of Davita in a report on Wednesday, February 14th. Robert W. Baird set a $97.00 price target on shares of Davita and gave the company a “buy” rating in a report on Tuesday, February 13th. Zacks Investment Research downgraded shares of Davita from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Bank of America restated a “buy” rating and set a $92.00 price target (up previously from $85.00) on shares of Davita in a report on Thursday, January 11th. Finally, TheStreet upgraded shares of Davita from a “c” rating to a “b-” rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the 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 Davita stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $78.95, for a total value of $282,009.40. Following the transaction, the insider now owns 33,649 shares in the company, valued at approximately $2,656,588.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.
Davita Inc (DVA) opened at $68.41 on Tuesday. The company has a market cap of $12,472.46, a price-to-earnings ratio of 19.92, a P/E/G ratio of 0.99 and a beta of 1.03. Davita Inc has a twelve month low of $52.51 and a twelve month high of $80.71. The company has a quick ratio of 2.82, a current ratio of 2.88 and a debt-to-equity ratio of 1.87.
Davita (NYSE:DVA) last announced its earnings results on Tuesday, February 13th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.02). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.90 billion. Davita had a return on equity of 12.86% and a net margin of 4.65%. During the same quarter last year, the business earned $0.98 EPS. analysts expect that Davita Inc will post 4.15 earnings per share for the current fiscal year.
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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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