Piedmont Investment Advisors Inc. Has $442,000 Stake in Davita Inc (DVA)

Piedmont Investment Advisors Inc. lifted its position in Davita Inc (NYSE:DVA) by 284.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,174 shares of the company’s stock after acquiring an additional 4,566 shares during the period. Piedmont Investment Advisors Inc.’s holdings in Davita were worth $442,000 as of its most recent SEC filing.

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

A number of research firms have issued reports on DVA. Raymond James cut shares of Davita from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, November 8th. ValuEngine upgraded shares of Davita from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded shares of Davita from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. TheStreet cut shares of Davita from a “b-” rating to a “c+” rating in a research note on Thursday, November 8th. Finally, Royal Bank of Canada lifted their target price on shares of Davita from $70.00 to $78.00 and gave the company a “sector perform” rating in a research note on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Davita presently has a consensus rating of “Hold” and an average price target of $82.44.

NYSE:DVA opened at $59.66 on Friday. The firm has a market cap of $9.90 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.79 and a beta of 1.09. Davita Inc has a one year low of $56.08 and a one year high of $80.71. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of 2.09.

Davita (NYSE:DVA) last released its earnings results on Wednesday, November 7th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.33). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.93 billion. Davita had a net margin of 5.39% and a return on equity of 13.87%. Davita’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. As a group, analysts forecast that Davita Inc will post 3.56 earnings per share for the current fiscal 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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