Van Berkom & Associates Inc. Invests $6.89 Million in American Renal Associates Holdings, Inc (ARA)

Van Berkom & Associates Inc. bought a new position in shares of American Renal Associates Holdings, Inc (NYSE:ARA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 371,214 shares of the company’s stock, valued at approximately $6,886,000. Van Berkom & Associates Inc. owned about 1.19% of American Renal Associates Holdings at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atria Investments LLC acquired a new position in shares of American Renal Associates Holdings during the first quarter worth approximately $181,000. Oxford Asset Management purchased a new stake in American Renal Associates Holdings during the first quarter worth $237,000. Lucus Advisors LLC purchased a new stake in American Renal Associates Holdings during the first quarter worth $295,000. Martingale Asset Management L P purchased a new stake in American Renal Associates Holdings during the first quarter worth $372,000. Finally, Teachers Advisors LLC raised its stake in American Renal Associates Holdings by 42.6% in the fourth quarter. Teachers Advisors LLC now owns 20,092 shares of the company’s stock worth $428,000 after buying an additional 6,000 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

American Renal Associates Holdings, Inc (NYSE ARA) opened at 14.56 on Wednesday. The firm’s 50-day moving average is $17.92 and its 200 day moving average is $18.30. American Renal Associates Holdings, Inc has a one year low of $14.50 and a one year high of $25.42. The firm’s market capitalization is $453.56 million.

American Renal Associates Holdings (NYSE:ARA) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.04. American Renal Associates Holdings had a negative net margin of 2.13% and a positive return on equity of 20.97%. The business had revenue of $177 million during the quarter, compared to analyst estimates of $184.67 million. During the same period last year, the firm posted $0.16 earnings per share. American Renal Associates Holdings’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts forecast that American Renal Associates Holdings, Inc will post $0.53 EPS for the current fiscal year.

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ARA has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of American Renal Associates Holdings from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 11th. Wells Fargo & Company raised shares of American Renal Associates Holdings from a “market perform” rating to an “outperform” rating in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.50.

About American Renal Associates Holdings

American Renal Associates Holdings, Inc is a dialysis service provider in the United States focused on joint venture (JV) partnerships with physicians. As of December 31, 2016, the Company owned and operated 214 dialysis clinics in partnership with 379 nephrologist partners treating over 14,000 patients in 25 states and the District of Columbia.

Institutional Ownership by Quarter for American Renal Associates Holdings (NYSE:ARA)

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