Davita Inc (DVA) Stake Lowered by Texas Permanent School Fund

Texas Permanent School Fund decreased its stake in shares of Davita Inc (NYSE:DVA) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,373 shares of the company’s stock after selling 3,102 shares during the quarter. Texas Permanent School Fund’s holdings in Davita were worth $1,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in shares of Davita by 4,180.1% in the third quarter. Acadian Asset Management LLC now owns 14,424 shares of the company’s stock valued at $1,033,000 after purchasing an additional 14,087 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Davita by 7.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 133,903 shares of the company’s stock valued at $9,592,000 after purchasing an additional 8,947 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Davita in the third quarter valued at approximately $249,000. Commonwealth Equity Services LLC increased its stake in shares of 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 purchasing an additional 757 shares during the period. Finally, ING Groep NV increased its stake in shares of Davita by 11.7% in the third quarter. ING Groep NV now owns 15,246 shares of the company’s stock valued at $1,092,000 after purchasing an additional 1,598 shares during the period. 85.66% of the stock is owned by institutional investors.

DVA has been the topic of several analyst reports. UBS Group initiated coverage on shares of Davita in a research note on Thursday, November 15th. They issued a “sell” rating and a $64.00 price target on the stock. Raymond James upgraded shares of Davita from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Barclays initiated coverage on shares of Davita in a research note on Friday, December 14th. They issued an “overweight” rating and a $70.00 price target on the stock. ValuEngine lowered shares of Davita from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Finally, Deutsche Bank initiated coverage on shares of Davita in a research note on Thursday, January 3rd. They issued a “buy” rating and a $60.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Davita currently has an average rating of “Hold” and an average target price of $66.92.



Shares of Davita stock traded down $0.05 on Friday, hitting $53.58. The company had a trading volume of 4,095 shares, compared to its average volume of 1,753,956. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.72 and a quick ratio of 1.70. The stock has a market capitalization of $8.96 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.51 and a beta of 1.30. Davita Inc has a 52 week low of $48.25 and a 52 week high of $79.11.

Davita (NYSE:DVA) last posted its quarterly earnings data on Wednesday, February 13th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Davita had a net margin of 1.40% and a return on equity of 14.17%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. On average, analysts forecast that Davita Inc will post 4.43 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Davita (NYSE:DVA)

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