VCI Wealth Management LLC Purchases New Position in DaVita Inc. (NYSE:DVA)

VCI Wealth Management LLC purchased a new stake in shares of DaVita Inc. (NYSE:DVA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,252 shares of the company's stock, valued at approximately $650,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DVA. Wealth Quarterback LLC purchased a new stake in DaVita during the first quarter valued at approximately $765,000. AustralianSuper Pty Ltd purchased a new stake in DaVita during the first quarter valued at approximately $10,763,000. Impact Partnership Wealth LLC raised its position in DaVita by 21.7% during the first quarter. Impact Partnership Wealth LLC now owns 2,363 shares of the company's stock valued at $361,000 after purchasing an additional 422 shares during the period. Victory Capital Management Inc. raised its holdings in shares of DaVita by 31.9% in the first quarter. Victory Capital Management Inc. now owns 57,074 shares of the company's stock worth $8,731,000 after buying an additional 13,802 shares during the period. Finally, Kesler Norman & Wride LLC raised its holdings in shares of DaVita by 15.8% in the first quarter. Kesler Norman & Wride LLC now owns 5,643 shares of the company's stock worth $864,000 after buying an additional 769 shares during the period. 90.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial reduced their price objective on DaVita from $170.00 to $164.00 and set a "hold" rating on the stock in a report on Monday, May 19th. Wall Street Zen upgraded DaVita from a "hold" rating to a "buy" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $164.50.

DaVita Stock Up 3.0%

NYSE DVA traded up $4.20 during midday trading on Tuesday, hitting $143.63. 225,124 shares of the company traded hands, compared to its average volume of 807,903. The company has a debt-to-equity ratio of 23.18, a current ratio of 1.25 and a quick ratio of 1.20. The company has a market cap of $10.84 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.97 and a beta of 1.11. The company's 50-day simple moving average is $140.11 and its 200-day simple moving average is $148.56. DaVita Inc. has a 52 week low of $131.76 and a 52 week high of $179.60.

DaVita (NYSE:DVA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.25. The firm had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $3.22 billion. DaVita had a return on equity of 176.11% and a net margin of 6.63%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.26 EPS. As a group, equities research analysts forecast that DaVita Inc. will post 10.76 earnings per share for the current year.

DaVita Company Profile

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.

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