Ellington Management Group LLC purchased a new stake in shares of Davita Inc (NYSE:DVA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,900 shares of the company’s stock, valued at approximately $1,077,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Davita during the third quarter valued at about $154,000. Country Club Trust Company n.a. bought a new stake in shares of Davita in the fourth quarter valued at about $207,000. Berkshire Asset Management LLC PA bought a new stake in shares of Davita in the fourth quarter valued at about $234,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Davita in the fourth quarter valued at about $236,000. Finally, IFG Advisory LLC bought a new stake in shares of Davita in the fourth quarter valued at about $205,000. Institutional investors own 85.83% of the company’s stock.
Several research firms recently weighed in on DVA. SunTrust Banks reiterated a “hold” rating and issued a $80.00 target price on shares of Davita in a research note on Wednesday, February 14th. Robert W. Baird set a $97.00 target price on shares of Davita and gave the company a “buy” rating in a research note on Tuesday, February 13th. Bank of America reiterated a “buy” rating and issued a $92.00 target price (up previously from $85.00) on shares of Davita in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Davita from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, TheStreet upgraded shares of Davita from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $79.30.
Davita (NYSE:DVA) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.92 EPS 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 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 in the prior year, the business earned $0.98 EPS. equities analysts expect that Davita Inc will post 4.15 EPS for the current year.
In other news, insider James K. Hilger sold 3,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $78.95, for a total transaction of $282,009.40. Following the completion of the sale, the insider now owns 33,649 shares of the company’s stock, valued at $2,656,588.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.
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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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