DaVita (NYSE:DVA) Cut to Hold at StockNews.com

StockNews.com downgraded shares of DaVita (NYSE:DVA) from a buy rating to a hold rating in a report issued on Friday morning.

DVA has been the topic of a number of other research reports. Sanford C. Bernstein set a $184.00 price objective on DaVita in a report on Friday, February 21st. Cowen reiterated a “hold” rating on shares of DaVita in a research report on Tuesday, February 18th. Finally, Barclays lifted their price target on shares of DaVita from $164.00 to $169.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, DaVita has an average rating of “Hold” and an average target price of $166.33.

DaVita Price Performance

Shares of DVA opened at $148.25 on Friday. DaVita has a twelve month low of $125.64 and a twelve month high of $179.60. The stock’s 50 day moving average is $158.53 and its two-hundred day moving average is $157.48. The firm has a market capitalization of $11.86 billion, a PE ratio of 13.80, a P/E/G ratio of 1.07 and a beta of 0.99. The company has a current ratio of 1.26, a quick ratio of 1.21 and a debt-to-equity ratio of 23.18.

DaVita (NYSE:DVA) last announced its quarterly earnings data on Thursday, February 13th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.10. DaVita had a return on equity of 115.48% and a net margin of 7.31%. Research analysts anticipate that DaVita will post 10.76 earnings per share for the current year.

Institutional Investors Weigh In On DaVita

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Copia Wealth Management acquired a new position in shares of DaVita during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of DaVita during the 4th quarter worth approximately $41,000. Coppell Advisory Solutions LLC raised its position in shares of DaVita by 50.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 300 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Quarry LP acquired a new position in shares of DaVita during the 3rd quarter worth approximately $60,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of DaVita during the 4th quarter worth approximately $55,000. 90.12% of the stock is currently owned by institutional investors and hedge funds.

About DaVita

DaVita Inc provides kidney dialysis services for patients suffering from chronic kidney failure in the United States. The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers. It also offers outpatient, hospital inpatient, and home-based hemodialysis services; operates 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.