Fort L.P. acquired a new position in Davita Inc (NYSE:DVA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,468 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DVA. Securian Asset Management Inc boosted its position in Davita by 1.7% in the fourth quarter. Securian Asset Management Inc now owns 12,961 shares of the company’s stock worth $667,000 after purchasing an additional 216 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in Davita by 8.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 3,932 shares of the company’s stock worth $202,000 after purchasing an additional 298 shares during the last quarter. Mycio Wealth Partners LLC boosted its position in Davita by 2.5% in the fourth quarter. Mycio Wealth Partners LLC now owns 13,497 shares of the company’s stock worth $695,000 after purchasing an additional 332 shares during the last quarter. NumerixS Investment Technologies Inc boosted its position in Davita by 5.9% in the fourth quarter. NumerixS Investment Technologies Inc now owns 6,075 shares of the company’s stock worth $306,000 after purchasing an additional 338 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its position in Davita by 5.1% in the fourth quarter. IFM Investors Pty Ltd now owns 8,361 shares of the company’s stock worth $430,000 after purchasing an additional 403 shares during the last quarter. Institutional investors own 85.66% of the company’s stock.

DVA stock opened at $53.53 on Friday. Davita Inc has a twelve month low of $48.25 and a twelve month high of $79.11. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.70 and a current ratio of 1.72. The stock has a market cap of $8.91 billion, a PE ratio of 14.99, a P/E/G ratio of 0.51 and a beta of 1.30.

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

DVA has been the topic of several research reports. Deutsche Bank initiated coverage on Davita in a research report on Thursday, January 3rd. They issued a “buy” rating and a $60.00 target price on the stock. ValuEngine cut Davita from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $65.00 target price on shares of Davita in a research report on Wednesday, January 9th. Raymond James raised Davita from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Finally, UBS Group raised Davita from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $64.00 to $59.00 in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Davita presently has a consensus rating of “Hold” and a consensus price target of $66.92.

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Davita Profile

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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