Poplar Forest Capital LLC boosted its stake in shares of Davita Inc (NYSE:DVA) by 24.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 301,943 shares of the company’s stock after acquiring an additional 59,678 shares during the quarter. Davita comprises about 1.6% of Poplar Forest Capital LLC’s investment portfolio, making the stock its 28th biggest position. Poplar Forest Capital LLC owned 0.18% of Davita worth $21,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vigilant Capital Management LLC increased its stake in Davita by 250.0% during the second quarter. Vigilant Capital Management LLC now owns 2,100 shares of the company’s stock worth $146,000 after acquiring an additional 1,500 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Davita during the second quarter worth approximately $206,000. Green Square Capital LLC bought a new position in shares of Davita during the second quarter valued at approximately $208,000. Seven Eight Capital LP bought a new position in shares of Davita during the third quarter valued at approximately $219,000. Finally, IFG Advisory LLC bought a new position in shares of Davita during the second quarter valued at approximately $213,000. 87.36% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on DVA shares. Zacks Investment Research raised Davita from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Monday, October 8th. JPMorgan Chase & Co. raised Davita from an “underweight” rating to a “neutral” rating in a research note on Thursday, September 13th. Finally, ValuEngine raised Davita from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $82.50.
Shares of DVA traded up $9.53 during mid-day trading on Wednesday, reaching $78.78. 139,648 shares of the company’s stock traded hands, compared to its average volume of 1,667,707. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 0.87 and a beta of 1.09. Davita Inc has a 12 month low of $52.51 and a 12 month high of $80.71. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.88 and a current ratio of 1.90.
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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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