Published On: Fri, Sep 9th, 2016

Investors Sell DaVita HealthCare Partners Inc. (DVA) on Strength (DVA)

Investors sold shares of DaVita HealthCare Partners Inc. (NYSE:DVA) on strength during trading hours on Thursday. $9.85 million flowed into the stock on the tick-up and $23.16 million flowed out of the stock on the tick-down, for a money net flow of $13.31 million out of the stock. Of all equities tracked, DaVita HealthCare Partners had the 0th highest net out-flow for the day. DaVita HealthCare Partners traded up $0.10 for the day and closed at $64.43
DVA has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of DaVita HealthCare Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. TheStreet lowered shares of DaVita HealthCare Partners from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Bank of America Corp. lowered shares of DaVita HealthCare Partners from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday. Citigroup Inc. began coverage on shares of DaVita HealthCare Partners in a research report on Tuesday. They issued a “neutral” rating and a $71.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of DaVita HealthCare Partners from $74.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $76.50.
The company’s 50-day moving average is $70.34 and its 200 day moving average is $73.31. The stock has a market capitalization of $13.33 billion, a PE ratio of 37.48 and a beta of 1.07.

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DaVita HealthCare Partners (NYSE:DVA) last announced its quarterly earnings data on Monday, August 8th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. During the same quarter in the previous year, the business earned $0.95 earnings per share. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.67 billion. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that DaVita HealthCare Partners Inc. will post $3.76 EPS for the current year.
In related news, COO Michael David Staffieri sold 20,262 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $73.09, for a total transaction of $1,480,949.58. Following the completion of the transaction, the chief operating officer now directly owns 52,279 shares of the company’s stock, valued at $3,821,072.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeanine Marie Jiganti sold 1,291 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $78.51, for a total transaction of $101,356.41. Following the transaction, the insider now directly owns 5,716 shares of the company’s stock, valued at $448,763.16. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.
DaVita HealthCare Partners Company Profile
DaVita HealthCare Partners Inc is a provider of kidney care services. The Company operates Kidney Care division and HealthCare Partners (HCP) division. Its segments include U.S. dialysis and related lab services, HCP and Other-Ancillary services and strategic initiatives. Its Kidney Care division is a provider of dialysis services in the United States, treating patients with chronic kidney failure and end stage renal disease (ESRD).

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