DaVita Inc. $DVA Position Reduced by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of DaVita Inc. (NYSE:DVA) by 43.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 52,606 shares of the company’s stock after selling 40,035 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in DaVita were worth $6,990,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Hantz Financial Services Inc. lifted its position in shares of DaVita by 48.1% during the second quarter. Hantz Financial Services Inc. now owns 231 shares of the company’s stock worth $33,000 after purchasing an additional 75 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in DaVita during the second quarter valued at approximately $36,000. Canada Pension Plan Investment Board bought a new position in DaVita during the 2nd quarter worth approximately $43,000. Ameritas Advisory Services LLC acquired a new position in shares of DaVita in the 2nd quarter worth approximately $47,000. Finally, Employees Retirement System of Texas bought a new stake in shares of DaVita in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial set a $158.00 price objective on DaVita in a research note on Thursday. Zacks Research raised shares of DaVita from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Barclays boosted their price objective on shares of DaVita from $143.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wall Street Zen cut shares of DaVita from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of DaVita in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $160.50.

DaVita Trading Down 5.7%

Shares of NYSE DVA opened at $140.77 on Friday. DaVita Inc. has a 12-month low of $101.00 and a 12-month high of $178.38. The company has a market cap of $9.94 billion, a PE ratio of 14.20, a P/E/G ratio of 0.52 and a beta of 0.99. The stock has a 50 day simple moving average of $115.12 and a 200-day simple moving average of $125.11.

DaVita (NYSE:DVA) last posted its earnings results on Monday, February 2nd. The company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.24 by $0.16. DaVita had a negative return on equity of 413.18% and a net margin of 5.47%.The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the firm earned $2.24 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. DaVita has set its FY 2026 guidance at 13.600-15.00 EPS. Sell-side analysts forecast that DaVita Inc. will post 10.76 earnings per share for the current fiscal year.

About DaVita

DaVita Inc (NYSE: DVA) is a leading provider of kidney care services, specializing in the management and operation of outpatient dialysis centers for patients with chronic kidney failure and end-stage renal disease. Headquartered in Denver, Colorado, the company offers a comprehensive suite of treatment modalities, including in-center hemodialysis, peritoneal dialysis, and home dialysis therapies. In addition to its core dialysis services, DaVita provides patient education, nutritional counseling, vascular access management and related laboratory services to support kidney health and overall patient well-being.

Since its formation in the mid-1990s through a clinical management services spin-off, DaVita has expanded both organically and through strategic partnerships and acquisitions.