Davita Inc (NYSE:DVA) Sees Significant Increase in Short Interest

Davita Inc (NYSE:DVA) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 6,740,900 shares, an increase of 8.8% from the May 15th total of 6,193,800 shares. Approximately 4.1% of the shares of the stock are short sold. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is presently 4.3 days.

Several equities research analysts have recently weighed in on DVA shares. Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. William Blair reaffirmed an “outperform” rating on shares of American Software in a report on Thursday, June 20th. Finally, Deutsche Bank lowered shares of Mitsubishi Motors from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Davita has an average rating of “Hold” and an average price target of $67.78.

Large investors have recently made changes to their positions in the stock. Rehmann Capital Advisory Group grew its stake in shares of Davita by 467.3% in the first quarter. Rehmann Capital Advisory Group now owns 556 shares of the company’s stock valued at $30,000 after buying an additional 458 shares in the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Davita by 61.8% in the fourth quarter. CSat Investment Advisory L.P. now owns 581 shares of the company’s stock valued at $30,000 after buying an additional 222 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Davita by 63.5% in the first quarter. Clearbridge Investments LLC now owns 798 shares of the company’s stock valued at $43,000 after buying an additional 310 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Davita by 2,481.1% in the first quarter. Quadrant Capital Group LLC now owns 955 shares of the company’s stock valued at $50,000 after buying an additional 918 shares in the last quarter. Finally, First Interstate Bank bought a new position in shares of Davita in the first quarter valued at $65,000. Institutional investors and hedge funds own 87.66% of the company’s stock.

Davita stock traded down $0.69 during trading hours on Friday, reaching $56.05. 1,104,726 shares of the company’s stock traded hands, compared to its average volume of 2,215,897. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.12 and a quick ratio of 1.11. Davita has a fifty-two week low of $43.40 and a fifty-two week high of $79.11. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 0.60 and a beta of 1.59. The business’s 50 day moving average price is $52.48.

Davita (NYSE:DVA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.82 billion. Davita had a net margin of 1.15% and a return on equity of 13.96%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. On average, analysts forecast that Davita will post 4.23 EPS for the current fiscal year.

About Davita

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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