Utah Retirement Systems Has $1.72 Million Position in Davita Inc (DVA)

Utah Retirement Systems cut its position in shares of Davita Inc (NYSE:DVA) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,018 shares of the company’s stock after selling 1,000 shares during the quarter. Utah Retirement Systems’ holdings in Davita were worth $1,721,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DVA. Cornerstone Wealth Management LLC purchased a new position in Davita in the second quarter valued at about $409,000. Janney Montgomery Scott LLC boosted 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. Raymond James Financial Services Advisors Inc. boosted its stake in Davita by 21.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,087 shares of the company’s stock valued at $2,089,000 after acquiring an additional 5,307 shares during the last quarter. TD Asset Management Inc. boosted its stake in Davita by 16.8% in the second quarter. TD Asset Management Inc. now owns 130,924 shares of the company’s stock valued at $9,091,000 after acquiring an additional 18,838 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Davita by 4.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 477,191 shares of the company’s stock valued at $33,136,000 after acquiring an additional 20,561 shares during the last quarter. Institutional investors and hedge funds own 85.76% of the company’s stock.

NYSE DVA opened at $58.96 on Friday. Davita Inc has a 12-month low of $58.65 and a 12-month high of $80.71. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.82 and a current ratio of 1.84. The company has a market capitalization of $10.26 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.07.

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

A number of research analysts have weighed in on DVA shares. Zacks Investment Research upgraded shares of Davita from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Monday, October 8th. Raymond James cut shares of Davita from an “outperform” rating to a “market perform” rating and set a $63.44 target price on the stock. in a research note on Sunday, December 2nd. Royal Bank of Canada boosted 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. UBS Group started coverage on shares of Davita in a research note on Thursday, November 15th. They issued a “sell” rating and a $64.00 target price on the stock. Finally, TheStreet cut shares of Davita from a “b-” rating to a “c+” rating in a research note on Thursday, November 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Davita currently has a consensus rating of “Hold” and a consensus price target of $79.68.

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About Davita

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.

Further Reading: Leveraged Buyout (LBO)

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Institutional Ownership by Quarter for Davita (NYSE:DVA)

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