Triple Frond Partners Lowers stake in DaVita HealthCare Partners Inc (DVA)

DaVita HealthCare Partners Inc (DVA) : Triple Frond Partners reduced its stake in DaVita HealthCare Partners Inc by 15.81% during the most recent quarter end. The investment management company now holds a total of 715,600 shares of DaVita HealthCare Partners Inc which is valued at $49,483,740 after selling 134,400 shares in DaVita HealthCare Partners Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.DaVita HealthCare Partners Inc makes up approximately 7.38% of Triple Frond Partners’s portfolio.

Other Hedge Funds, Including , Citadel Advisors boosted its stake in DVA in the latest quarter, The investment management firm added 166,517 additional shares and now holds a total of 463,099 shares of DaVita HealthCare Partners Inc which is valued at $32,023,296. DaVita HealthCare Partners Inc makes up approx 0.08% of Citadel Advisors’s portfolio.Cannell Peter B Co Inc reduced its stake in DVA by selling 1,000 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 65,250 shares of DVA which is valued at $4,512,038. DaVita HealthCare Partners Inc makes up approx 0.16% of Cannell Peter B Co Inc’s portfolio.Central Trust Co reduced its stake in DVA by selling 335 shares or 15.55% in the most recent quarter. The Hedge Fund company now holds 1,819 shares of DVA which is valued at $127,494. DaVita HealthCare Partners Inc makes up approx 0.01% of Central Trust Co’s portfolio.Dekabank Deutsche Girozentrale reduced its stake in DVA by selling 8,288 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 259,439 shares of DVA which is valued at $19,966,425. DaVita HealthCare Partners Inc makes up approx 0.22% of Dekabank Deutsche Girozentrale’s portfolio.Great West Life Assurance Co Can reduced its stake in DVA by selling 6,014 shares or 3.01% in the most recent quarter. The Hedge Fund company now holds 193,709 shares of DVA which is valued at $14,737,381. DaVita HealthCare Partners Inc makes up approx 0.04% of Great West Life Assurance Co Can’s portfolio.

DaVita HealthCare Partners Inc opened for trading at $63.76 and hit $64.56 on the upside on Monday, eventually ending the session at $64.41, with a gain of 1.15% or 0.73 points. The heightened volatility saw the trading volume jump to 12,05,779 shares. Company has a market cap of $13,326 M.

On the company’s financial health, DaVita HealthCare Partners Inc reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.98. The company had revenue of $3718.00 million for the quarter, compared to analysts expectations of $3658.91 million. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

DaVita HealthCare Partners Inc. consists of two divisions Kidney Care and HealthCare Partners (HCP). Kidney Care is a provider of dialysis services in the United States treating patients with chronic kidney failure and end stage renal disease (ESRD). Kidney Care division develops innovative clinical care offers integrated treatment plans personalized care teams and health-management services. As of December 31 2014 we provided dialysis and administrative services in the U.S. through a network of 2179 outpatient dialysis centers in 46 states and the District of Columbia serving a total of approximately 173000 patients. HealthCare Partners division is a patient- and physician-focused integrated health care delivery and management company. HealthCare Partners manages and operates medical groups and affiliated physician networks in Arizona California Nevada Florida and New Mexico. As of December 2014 HealthCare Partners had approximately 837000 members under its care.

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