Breaking Short Interest: What’s Propelling Davita Incorporated (NYSE:DVA) After Higher Shorts Reported?

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Breaking Short Interest: What’s Propelling Davita Incorporated (NYSE:DVA) After Higher Shorts Reported?

The stock of Davita Incorporated (NYSE:DVA) registered an increase of 32.39% in short interest. DVA’s total short interest was 9.56 million shares in December as published by FINRA. Its up 32.39% from 7.22M shares, reported previously. With 2.88 million shares average volume, it will take short sellers 3 days to cover their DVA’s short positions. The short interest to Davita Incorporated’s float is 5.71%. About 1.79M shares traded hands. Davita Inc (NYSE:DVA) has declined 15.28% since April 28, 2016 and is downtrending. It has underperformed by 21.21% the S&P500.

DaVita Inc., formerly DaVita HealthCare Partners Inc., is a well-known provider of kidney care services. The company has a market cap of $12.69 billion. The Firm operates Kidney Care division and HealthCare Partners division. It has a 18.69 P/E ratio. The Company’s divisions include U.S. dialysis and related lab services, HCP and Other-Ancillary services and strategic initiatives.

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.12, from 1.04 in 2016Q1. The ratio is positive, as 34 funds sold all Davita Inc shares owned while 162 reduced positions. 51 funds bought stakes while 153 increased positions. They now own 171.18 million shares or 3.23% less from 176.89 million shares in 2016Q1.
The Massachusetts-based Frontier Cap Management has invested 0% in Davita Inc (NYSE:DVA). Scout Investments holds 367,493 shares or 0.79% of its portfolio. Archon Prns reported 101,000 shares or 2.13% of all its holdings. Ig Invest Management Ltd last reported 24,132 shares in the company. Ajo Limited Partnership has 368,123 shares for 0.13% of their US portfolio. Hbk Limited Partnership has 34,300 shares for 0.02% of their US portfolio. Cannell Peter B owns 65,250 shares or 0.18% of their US portfolio. Winslow Evans & Crocker owns 456 shares or 0% of their US portfolio. Numeric Investors Ltd Limited Liability Company last reported 8,800 shares in the company. The South Africa-based Old Mutual Customised Solutions (Proprietary) Limited has invested 0.04% in Davita Inc (NYSE:DVA). The Texas-based Highland Capital Mgmt Limited Partnership has invested 0.36% in Davita Inc (NYSE:DVA). First Quadrant Lp Ca has 0.01% invested in the company for 3,700 shares. Rhumbline Advisers holds 0.06% or 271,535 shares in its portfolio. Westport Resources Mgmt last reported 200 shares in the company. Moreover, Cam Gru Holding A S has 0.14% invested in Davita Inc (NYSE:DVA) for 95,691 shares.

Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 3 selling transactions for $1.94 million net activity. On Friday, July 1 the insider JIGANTI JEANINE MARIE sold $357,834. The insider STAFFIERI MICHAEL DAVID sold $1.48M.

Davita Inc (NYSE:DVA) Ratings Coverage

Out of 6 analysts covering DaVita (NYSE:DVA), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. DaVita has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, September 16 by JP Morgan. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, February 16. The rating was downgraded by Bank of America to “Neutral” on Tuesday, September 6. The firm earned “Market Perform” rating on Wednesday, March 2 by Bernstein. The firm has “Neutral” rating by Citigroup given on Tuesday, September 6. The stock of Davita Inc (NYSE:DVA) earned “Outperform” rating by Raymond James on Tuesday, September 20. JP Morgan maintained it with “Neutral” rating and $75 target price in Tuesday, August 9 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, November 4. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, August 6.

DVA Company Profile

DaVita Inc., formerly DaVita HealthCare Partners Inc., incorporated on April 4, 1994, is a well-known provider of kidney care services. The Firm operates Kidney Care division and HealthCare Partners (HCP) division. The Company’s divisions include U.S. dialysis and related lab services, HCP and Other-Ancillary services and strategic initiatives. The Company’s Kidney Care division is a well-known provider of dialysis services in the United States, treating patients with chronic kidney failure and end stage renal disease (ESRD). HCP division is a patient and physician-focused integrated health care delivery and management company.

More news for Davita Inc (NYSE:DVA) were recently published by: Prnewswire.com, which released: “DaVita Inc. 3rd Quarter 2016 Results” on November 02, 2016. Prnewswire.com‘s article titled: “DaVita Clinical Research to Present 12 Abstracts at American Society of …” and published on November 14, 2016 is yet another important article.

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By Winifred Garcia

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