Davita Inc (NYSE:DVA) Chairman Kent J. Thiry sold 81,800 shares of Davita stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $68.04, for a total transaction of $5,565,672.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Davita Inc (NYSE DVA) traded up $0.89 during mid-day trading on Tuesday, hitting $70.40. 2,538,900 shares of the company were exchanged, compared to its average volume of 1,661,123. The company has a quick ratio of 1.35, a current ratio of 1.40 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $12,814.77, a PE ratio of 19.35, a P/E/G ratio of 13.65 and a beta of 0.97. Davita Inc has a 52-week low of $52.51 and a 52-week high of $70.58.

Davita (NYSE:DVA) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.13). The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. Davita had a net margin of 3.40% and a return on equity of 13.31%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. equities analysts forecast that Davita Inc will post 3.42 earnings per share for the current fiscal year.

Davita declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 10th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Several hedge funds have recently made changes to their positions in DVA. California Public Employees Retirement System lifted its stake in Davita by 1.9% in the third quarter. California Public Employees Retirement System now owns 490,132 shares of the company’s stock worth $29,109,000 after acquiring an additional 9,332 shares during the last quarter. Accident Compensation Corp lifted its stake in Davita by 106.3% in the third quarter. Accident Compensation Corp now owns 31,150 shares of the company’s stock worth $1,850,000 after acquiring an additional 16,050 shares during the last quarter. Schroder Investment Management Group lifted its stake in Davita by 769.0% in the third quarter. Schroder Investment Management Group now owns 434,191 shares of the company’s stock worth $25,387,000 after acquiring an additional 384,224 shares during the last quarter. Hikari Power Ltd lifted its stake in Davita by 8.1% in the third quarter. Hikari Power Ltd now owns 312,300 shares of the company’s stock worth $18,547,000 after acquiring an additional 23,400 shares during the last quarter. Finally, Oak Associates Ltd. OH lifted its stake in Davita by 3.8% in the third quarter. Oak Associates Ltd. OH now owns 192,185 shares of the company’s stock worth $11,414,000 after acquiring an additional 6,990 shares during the last quarter. Hedge funds and other institutional investors own 85.32% of the company’s stock.

DVA has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Davita from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Bank of America dropped their price target on shares of Davita from $75.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. J P Morgan Chase & Co cut shares of Davita from a “neutral” rating to an “underweight” rating in a research report on Monday, October 9th. Zacks Investment Research cut shares of Davita from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $64.00 price target on shares of Davita in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Davita presently has a consensus rating of “Hold” and a consensus target price of $73.33.

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About Davita

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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