DVA - Shares of DaVita Inc. (DVA) Have Risen Above Previous 52-Week High

Shares of DaVita Inc. (NYSE:DVA) traded at a new 52-week high today of $129.42. Approximately 163,000 shares have changed hands today, as compared to an average 30-day volume of 749,000 shares.

DaVita is the largest provider of dialysis services in the United States, boasting market share that eclipses 35% when measured by both patients and clinics. The firm operates over 3,100 facilities worldwide, mostly in the U.S., and treats over 240,000 patients globally each year. Government payers dominate U.S. dialysis reimbursement. DaVita receives approximately 69% of U.S. sales at government (primarily Medicare) reimbursement rates, with the remaining 31% coming from commercial insurers. However, while commercial insurers represented only about 10% of the U.S. patients treated, they represent nearly all of the profits generated by DaVita in the U.S. dialysis business.

In the past 52 weeks, DaVita Inc. share prices are bracketed by a low of $75.30 and a high of $129.42 and is now at $129.24, 72% above that low price.

DaVita Inc. (NYSE:DVA) is currently priced 6.9% above its average consensus analyst price target of $120.33.

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