Davita (DVA) Shares Gap Up to $70.97

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Davita Inc (NYSE:DVA) gapped up before the market opened on Friday . The stock had previously closed at $70.87, but opened at $70.97. Davita shares last traded at $70.51, with a volume of 40860 shares traded.

A number of equities research analysts have recently issued reports on DVA shares. Zacks Investment Research cut Davita from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. William Blair restated a “buy” rating on shares of Davita in a report on Wednesday, June 6th. Finally, JPMorgan Chase & Co. upgraded Davita from an “underweight” rating to a “neutral” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $82.13.

The company has a quick ratio of 1.88, a current ratio of 1.90 and a debt-to-equity ratio of 1.82. The company has a market cap of $11.28 billion, a PE ratio of 21.32, a P/E/G ratio of 1.01 and a beta of 1.10.

Davita (NYSE:DVA) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Davita had a return on equity of 14.49% and a net margin of 4.30%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. equities analysts expect that Davita Inc will post 4 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group boosted its stake in shares of Davita by 102.6% in the second quarter. Schroder Investment Management Group now owns 265,663 shares of the company’s stock valued at $18,636,000 after buying an additional 134,558 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Davita by 2.1% in the second quarter. Public Employees Retirement System of Ohio now owns 76,403 shares of the company’s stock valued at $5,305,000 after buying an additional 1,543 shares during the period. Green Square Capital LLC bought a new stake in shares of Davita in the second quarter valued at approximately $208,000. WINTON GROUP Ltd boosted its stake in shares of Davita by 115.8% in the second quarter. WINTON GROUP Ltd now owns 124,478 shares of the company’s stock valued at $8,644,000 after buying an additional 66,788 shares during the period. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Davita by 3.4% in the second quarter. GHP Investment Advisors Inc. now owns 32,773 shares of the company’s stock valued at $2,276,000 after buying an additional 1,070 shares during the period. Institutional investors and hedge funds own 87.80% of the company’s stock.

Davita Company Profile (NYSE:DVA)

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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